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Value Of New England Patriots Has Skyrocketed Since Robert Kraft's Initial Purchase

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wochit

Wochit

In 1994, Robert Kraft purchased the struggling New England Patriots for a then-record $175 million.
The move kept the team from moving to St. Louis.
Since then, the Patriots' franchise value has soared to $3.8 billion, second only to the Dallas Cowboys.
In 1994, Robert Kraft owned Foxboro Stadium, then the home of the New England Patriots, and rejected a $75 million offer to buy out the lease.
If he had sold, it would have allowed the team to move to St. Louis.

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