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NFL teams are very valuable, with an average valuation now exceeding $6 billion. It is likely that when the NFL ultimately does expand again, it will charge a prospective ownership group at least $5 billion as an entry fee, to say nothing of what it would cost to build an appropriate stadium probably $2 billion these days assuming little/no public funding. My guess is that while the league will allow for diverse international ownership groups, South Sydney Rabbitohs NRL Fan Too Old To Care Tropical Summer Hawaiian Shirt ensure that the expansion teams stick in their initial markets, the NFL will want majority ownership to be Canadian and local. The population of Canada is about that of the US state of California 40 million, but California has about 3x as many billionaires as does Canada, and the number of Canadian families that could meet NFL specifications for a principal owner owning at least 30% of the team outright is probably less than 20.

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