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Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation



New England Patriots owner Robert Kraft could be the target of the new investigation published to sports news siteDeadspinthat claims the billionaire is in violation associated with the National Football League’s (NFL) ownership policies due to his investment in a hedge investment.

New England Patriots owner Robert Kraft (seen here with President Donald Trump at an NFL game in 2012) is being accused by one reporter of violating the league’s ownership policy for keeping interests in Caesars.

Kraft, well worth a calculated $5.1 billion according toForbes, has a stake that is smallby his criteria) in Apollo Global Management (AGM). Per SEC filings, the Kraft Group CEO holds 267,240 shares of AGM, a publicly traded business, presently valued at around $7 million.

Since Apollo currently keeps a 30 percent stake in Caesars Entertainment, as well as jobs in British house that is betting and casino games maker American Gaming Systems,Deadspinauthor Bart Hubbuch says Kraft is in violation associated with the NFL’s gambling policy. The League strictly forbids owners from directly casinos that are owning gaming businesses.

The hedge fund says Kraft has been a director of its company since 2014 on the Apollo website. The billionaire is listed alongside nine other directors and executive officers.

‘Holding that position would seem to be a clear breach of this NFL’s gambling policy. While the policy all 继续阅读