Bon Jovi passes on ownership stake in Falcons
The die-hard NFL fan has always had an interest in owning an NFL franchise. As the NFL work stoppage unfolded in early 2011 -- and concerns about the long-term health of the league loomed -- Bon Jovi passed on a $150 million investment that would have landed him a 15 percent stake in the Falcons.
With the NFL juggernaut rolling again, passing on the Falcons looks like a rare miss for the famous rockstar.
Adding salt to the wound is the recent news that the Falcons will be building a new stadium to replace the antiquated Georgia Dome. Fresh off securing a $200 million loan from fellow NFL owners, Falcons majority owner Arthur Blank will deliver the modern stadium he has coveted since acquiring the team in 2002.
Prior to the announcement of plans to build their new stadium, Forbes valued the Falcons at $830 million -- good for 28th out of 32 NFL teams. Upon completion of the new stadium, early estimates place the Falcons' valuation north of $1.1 billion.
Mike Ozanian of Forbes first reported on the history between Bon Jovi and the Falcons.