The Eagles Are Going Places. And We Just Don’t Mean to Brazil.
Have a little disposable income at your disposal in 2024? Looking for that investment opportunity? A house at the shore, a rental property, a timeshare?
How about a stake in the Philadelphia Eagles?
That’s right — according to a June report from Bloomberg News— Jeffrey Lurie is considering a minority sale of the Philadelphia Eagles to the value of $7.5 Million. He’s not selling the franchise mind you — Lurie plans to keep that all in the family for future, making the sale not a “controlling” stake. Jeffrey’s son Julian Lurie now has the title of Business and Football Operations Strategy with the team.
When entrepreneur Jeffrey Lurie borrowed $185 Million in 1994 to acquire the Philadelphia Eagles — he couldn’t have possibly imagined just how large they would become. The franchise — now valued at approximately $585 Million.
It’s been 40 years since former Eagles owner Leonard Tose— frustrated and annoyed with what he perceived to be a lack of interest from the City of Philadelphia who wasn’t moving fast enough to support new skyboxes in Veterans Stadium, attempted to negotiate a move of the Eagles to Phoenix in 1984.
So what would the 7.5 Billion, 11% minority stake in the Philadelphia Eagles actually mean?
Very little, it seems. But hey — it still would be an awesome purchase.
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