New England Patriots owner Robert Kraft said Tuesday that his NFL team will pay its $4.7 billion relocation fee to the NFL owners, which could total more than $8 billion.
Kraft made the announcement at the league’s annual meetings in New York, where the owners approved the $4 billion relocation deal.
Kraft said he was thrilled to be able to offer $4,000 to $5,000 toward the $5 million relocation fee for the new stadium that is expected to open in 2022.
Kraft told the Associated Press that the team would pay about $100 million to $200 million to move its games to the new facility.
He added that he was confident the NFL would approve the relocation fee.
Kraft has said he plans to stay in New England.
The NFL’s Board of Directors approved the agreement Tuesday and the new owners will hold a special meeting to vote on the deal, according to an NFL source.
The deal is expected soon.
Kraft also has expressed his desire to continue playing in the New England area.
“I think it’s a great opportunity for the game of football to continue,” Kraft said in an interview with ESPN’s John Clayton.
I’m a big supporter of our football team and of the fans. “
And I’ve always been a big fan of this city.
So we’re going to be here, I’m sure, and I’m going to continue to support this team.”