Huge Eagles Ownership News Emerges in Week 15
By Jovan Alford
The 11-2 Philadelphia Eagles have a huge matchup on Sunday as they’ll play the Pittsburgh Steelers in the battle of Pennsylvania. While fans will be focused on what happens on the field, the Eagles’ front office/ownership is making some noise off the field.
On Wednesday, ESPN’s Adam Schefter reported owner Jeffrey Lurie and the Eagles received NFL approval for the sale of an 8 percent interest of the team to two family investors. Schefter adds that the sale was based on the team's valuation of up to $8.3 billion. However, the Eagles owner maintains complete control of the team.
Jeffrey Lurie and the Philadelphia Eagles received NFL approval for the sale of an 8% interest of the team to two family investors, per league source. The sale was based on a valuation of the team up to $8.3 billion and Lurie maintains complete control of the team. pic.twitter.com/57jJUOs0Xu
— Adam Schefter (@AdamSchefter) December 11, 2024
Lurie has owned the Eagles since 1994 and has done a great job increasing the team’s value over the last 30 years. Spotrac.com’s Michael Ginnitti pointed out that Philadelphia’s valuation is higher than the Washington Commanders, which came in at $6.05 billion.
The #NFL has approved an 8% sale of the Philadelphia #Eagles at a total franchise valuation of $8.3B.
— Spotrac (@spotrac) December 11, 2024
Last 4 majority NFL team sales:
Commanders: $6.05B
Broncos: $4.65B
Panthers: $2.3B
Bills: $1.4B
The Cowboys are very likely a $12B franchise based on today's development.
Bloomberg reported this summer that the Eagles owner was exploring selling a minority stake. Then in October, Bloomberg reported that Lurie was in talks to sell the minority stake to the family of Susan Y. Kim.
Kim is the chairwoman of the Board of Amkor Technology, she succeeded her father, James Kim, as executive chairman.
According to Dave Zangaro of NBC Sports Philadelphia, fit was important for the Lurie family to make this sale. In addition to Susan Y. Kim, Zac Peskowitz and Olivia Peskowitz Suter are the other investors.
The 73-year-old Lurie has seen a lot of success with this Eagles franchise since taking over as the owner from Norman Braman.
Braman sold the team for $120 million in 1994 after buying it in 1985. According to Forbes, Braman's net worth is $3.5 billion. Lurie hopes these new investors will continue to help bring more success to one of the best franchises in the NFL.
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