NFL Commissioner Roger Goodell says the Atlanta Falcons will not make a loss on the sale of the team to a Russian sports conglomerate because the money will go directly to a charity.
The Falcons will keep ownership and its naming rights in the state of Georgia.
Goodell told the Atlanta Journal-Constitution that the Falcons “are going to be able to pay our employees” and “have the ability to pay out of pocket.”
The sale price is believed to be around $5 to $6 million.
The NFL says it has reached an agreement with the Russian sports agency Rusal, which is owned by the Russian businessman Alexander Chemezov, to buy the Falcons for around $1 billion.
The deal was first reported by The Wall Street Journal.
The league’s bid to buy out Chemezzov’s stake was approved in December, and the deal has since been in the works.
The deal could be announced as soon as Thursday.
In January, Goodell said the Falcons could be sold to a sports conglomerate owned by Chemezyev, but he did not provide details.
Goodell also said he was unaware of any potential financial conflicts.
The NFL said in a statement on Wednesday that it has agreed to a $5-million payment to help the Falcons’ charity.