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



New England Patriots owner Robert Kraft may be the target of the new investigation posted to sports news siteDeadspinthat claims the billionaire is in violation of this 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 holding interests in Caesars.

Kraft, well worth a projected $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 exchanged company, presently valued at around $7 million.

Since Apollo currently retains a 30 percent stake in Caesars Entertainment, because well as roles in UK betting house Ladbrokes and casino games maker American Gaming Systems,Deadspinauthor Bart Hubbuch claims Kraft is in breach associated with NFL’s gambling policy. The League strictly prohibits 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 officers that are executive.

‘Holding that position would appear to be a clear violation of the NFL’s gambling policy. While the policy allo 继续阅读Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation