Robert Kraft bought the New England Patriots in early 1994, with the sale finalized in February 1994 after league approval.

Key date

  • The agreement for Kraft to purchase the Patriots was reached in January 1994.
  • NFL owners approved his purchase, and he formally became owner in late February 1994 (commonly cited as February 26, 1994).

Quick context

  • Kraft paid a then-record price of about 172–173 million dollars for the team, the highest price ever paid for an NFL franchise at that time.
  • His purchase also meant the Patriots would stay in Massachusetts instead of potentially relocating, which was a major concern before the sale.

Bottom note: Information gathered from public forums or data available on the internet and portrayed here.