Two National Football League teams have sold minority ownership stakes to private equity, the first such deals in league history. Why it matters: The NFL had been the last major U.S. sports league to allow institutional investors to hold stakes in teams,

In a first for the National Football League, two private equity firms, Ares Management and Arctos Partners, have clinched separate deals to buy minority stakes in two franchises. Ares is investing in the Miami Dolphins while Arctos Partners is taking a chunk of the Buffalo Bills.

NBA legends and Basketball Hall of Famers Vince Carter and Tracy McGrady have been approved as minority owners of the NFL's Buffalo Bills, team owner/CEO Terry Pegula announced Wednesday.

With four weeks left in the NFL regular season, only four teams have clinched playoff spots. But several more could join them in Week 15.

As the NFL heads into Week 15, several teams, like the Buffalo Bills and the Kansas City Chiefs, have already booked their postseason trips. In the NFC, the Detroit Lions and Philadelphia Eagles have secured their spots.

The NFL playoff race is starting to take shape. A handful of teams are hoping to secure playoff berths in Week 15, with a few spots already decided. The Buffalo Bills and Kansas City Chiefs have already clinched their respective divisions,