NFL
Report: Jeffrey Lurie considering selling minority stake in the Eagles
As the Eagles wrap up their final mandatory minicamp practice, Bloomberg reported that CEO Jeffrey Lurie is considering selling a minority stake of the team. Lurie originally bought the team back in 1994 for $185 million.
In the article, Bloomberg said the Eagles’ valuation is expected to be more than $7.5 billion, and also explained that there will be no path to a controlling interest through this deal. Lurie’s son, Julian, began working for the team in 2022, and has been around enough to be the obvious succession plan in terms of ownership, so keeping this a minority stake deal only makes sense.
Bloomberg noted that the Bills and Dolphins are exploring similar options as team values continue to rise, especially after the Commanders were bought last year for $6 billion.
This wouldn’t mean much for the day-to-day of the team, but maybe Lurie will spend even more on the already vast amount of resources he gives to the Eagles with a little extra in his pockets.