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Blank sells $300m minority stake in Atlanta Falcons

Arthur Blank, the Atlanta Falcons majority owner, has sold a 10-per-cent stake in the team, in a deal that values the NFL franchise at approximately $3bn (€2.65bn).

The $300m stake has been sold to one new investor, Alan Kestenbaum, and to two existing investors: Doug Hertz and Ron Canakaris. Kestenbaum was a runner-up last year in the sale of the Carolina Panthers to David Tepper.

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