According to Sports Business Journal (http://bit.ly/q88A2o), the NFL is planning to form a more than $32 million venture capital fund to invest in startup media, technology and entertainment businesses that tie into football.

Owners were briefed on the concept last week at their meeting in Houston. The subject is expected to come up for a vote at the owners' next gathering, possibly in December.

The NFL would be the first league to pool owners' money to invest in outside businesses.

According to the article, the players Association may be allowed to invest alongside the fund.