Cowboys' Stephen Jones says team may consider selling minority stake
Cowboys executive Stephen Jones told a Dallas radio station the franchise might entertain a minority equity sale, but no plans are active.
In an interview with 105.3 The Fan, Cowboys senior executive Stephen Jones said the organization would not dismiss the prospect of selling a minority interest, provided the partner meets strict criteria. He referenced recent NFL rule changes that allow private-equity firms to hold minority stakes, describing the arrangement as a tool that could strengthen the league. Jones emphasized that no deal is presently being negotiated and that any sale would leave the Jones family’s control untouched.
Analysts estimate a 10 percent stake could be valued at around $1.5 billion, but retaining full equity might be more profitable over time. He also pointed out that once equity is sold, it cannot be reclaimed except by repurchasing it, suggesting the family has little financial pressure to divest.
Why it matters
The comments hint at a possible shift in ownership structure for one of the NFL's most valuable franchises.
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