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Arthur Blank sells minority stake in Falcons for about $300M

Daniel Kaplan
Arthur Blank sells minority stake in Falcons for about $300M

Arthur Blank has sold 10-12 percent of the Falcons for roughly $300M, the bulk of which was purchased by Canadian mining magnate Alan Kestenbaum, a runner-up last year in the sale of the Carolina Panthers. The transaction values the Falcons at around $3 billion. “There is no discount for being a minority owner.” Asked if that means the valuation was $3 billion, Blank replied, “Yeah, I would say.” Blank declined to name the buyers of his shares, but two sources confirmed Kestenbaum.