Atlanta Falcons owner Arthur Blank sells limited stake of team for reported $300 million

ATLANTA — Arthur Blank didn't become one of the world's wealthiest billionaires by striking pedestrian deals. 

At the NFL's annual spring meeting on Monday, the consortium of team owners approved Blank's limited-stake sale of the Atlanta Falcons.

According to the Atlanta Business Chronicle, multiple investors – headlined by Canadian mining magnate Alan Kestenbaum – purchased a 10- to 12-percent piece of the Falcons...totaling $300 million.

The significance here: In 2018, Forbes magazine listed the Falcons as the 13th most valuable franchise – at $2.6 billion.

Using that figure as a baseline, Blank might have proffered a $40 million profit bump from Monday's limited sale...based on a 10-percent stake having an estimated value of $260 million.

If the final stake ends up at 11 percent...it's still a profit bump of $14 million.

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In lieu of this transaction, Pro Football Talk speculates the Falcons' valuation will reach or exceed $3 billion for Forbes' 2019 survey.

Either way, the Falcons remain the NFC South's wealthiest team, easily outdistancing the Panthers (21st overall...value: $2.3 billion), Saints (26th overall...value: $2.075 billion) and Buccaneers (28th overall...value: $2 billion).

According to the Chronicle, Blank intends to give the proceeds of Monday's sale to the Arthur M. Blank Foundation.