Aug 29, 2013; East Rutherford, NJ, USA; Philadelphia Eagles owner Jeff Lurie looks on before a pre-season game against the New York Jets at Metlife Stadium. Mandatory Credit: Joe Camporeale-USA TODAY Sports
According to multiple reports, the NFL has approved the sale of an 8% stake in the Philadelphia Eagles to two investment groups. Jeff Lurie will retain majority control.
For purposes of the deal, the Birds were valued at a staggering $8.3 billion. That's about 11 Juan Sotos, for those who think in baseball terms.
The NFL has approved the sale of 8 percent of the Philadelphia Eagles to two family investment groups. The valuation is huge -- $8.3 billion, for the sale, which is for a portion of the team alone. Jeffrey Lurie retains control of the team.
— Judy Battista (@judybattista) December 11, 2024
Lurie bought the Birds in 1994 for just $185 million. He announced a potential sale of a minority stake back in June, after the league voted to allow private equity investments in teams.
The new minority owners in the fold include Susan Kim, Amkor Technology's chairman of the board, and Zack and Olivia Peskowitz, children of United Communications Group founder (and former Atlanta Hawks co-owner) Ed Peskowitz.
Reached by On Pattison for comment, Jalen Hurts said he "just hopes the team keeps the main thing the main thing."
© Kirby Lee | 2024 Sep 5(Ok, that's a lie. But Hurts probably would say that if he returned our texts.)
In September, CNBC pegged the Eagles' valuation at $7 billion, the ninth-most valuable franchise in the league. The Dallas Cowboys were valued at $11 billion, tops in the NFL.
