When Tim Pernetti was hired as the commissioner of The American in 2024, he said he was interested in private capital investment.
Two years later, that hasn’t changed. The league is still evaluating proposals, and Pernetti presented at least one model earlier this spring, he told Front Office Sports.
“We’re still very much in it,” he said.
Since taking the helm at The American, Pernetti has had “more meetings than I can count” regarding potential private capital partners. Pernetti has presented a couple of the proposals to conference leaders, including one that he described as “super creative and attractive” as recently as the American’s annual meeting this past May.
“I think we’re a lot better educated and smarter about how this can have a positive impact on the American,” he said. “And at the same time, we’re making sure that we understand what the opportunity is and then what the impact is long-term.”
