Robert Kraft and his family are selling minority shares in the Patriots, according to reports. (AP photo)

Change is coming to the New England Patriots.

Robert Kraft and his family have owned 100 percent of the team since paying $172 million for it in 1994, but that will apparently end.

According to multiple reports on Thursday, the Robert Kraft has agreed to sell minority stakes totaling $8 million to two investors: Dean Metropoulos and private equity investment firm Sixth Street Partners, which also has stakes in the Boston Celtics as well.

Metropoulos, the former owner of Pabst Brewing Company, who has a net worth according to Forbes of $4.1 billion, gets five percent, while Sixth Street will get three percent. CNBC reports that the New England Revolution soccer team, which the Krafts also own, is not part of the deals.

The Patriots are currently worth $9 billion, according to reports. According to CNBC, the eight percent from the sales will stay on the balance sheet, increasing the value of the franchise.

The deals still need approval by NFL owners, likely to take place at their Oct. 21-22 meeting.