Arthur M. Blank, Atlanta Falcons owner and chairman, announced that four new limited partners will be added to the organization's ownership group. The new limited partners, pending final closing of the agreements, are Rosalind Brewer, Dominique Dawes, Will Packer and Rashaun Williams.
What this means is that the team will have four new investors who contribute capital to the business in exchange for a share of the profits. Limited partners, however, are not involved in the day-to-day operations of the business, and their liability is limited to the amount of their investment. On the other hand, limited partners do have the right to vote on certain matters.
Brewer, Dawes, Packer, and Williams join the current esteemed group of limited partners that includes Brian Barker, Ron Canakaris, Warrick Dunn, Doug Hertz, Alan Kestenbaum, Edward Mendel and Derek Smith.