A piece of the Eagles appears to be for sale.
According to Bloomberg, team owner Jeffrey Lurie is interested in selling a minority stake in the franchise.
Lurie bought the Eagles in 1994 for $185 million, then a record, and is using BDT & MSD Partners to solicit potential investors. A sale would be based on a $7.5 billion valuation, according to Bloomberg, which comes from a multiple of 11 times the annual revenue. (The Cowboys, at $9 billion according to Forbes, hold the top spot for NFL team valuation, and the world record for a team sale was Josh Harris’s December purchase of the Commanders for $6.1 billion.)
No controlling stake in the team is available, and there is a chance a deal doesn’t get made. After falling to the Chiefs in the Super Bowl a year ago, the Eagles were knocked out in the first round of the playoffs this past season and are expected to enter the 2024 season as a title contender. The team beat the Patriots in ’18 for its first Super Bowl title.
Lurie is worth roughly $5.4 billion, and his interest in selling a minority stake comes at a time when both the Dolphins and Bills are looking into similar investments while team valuations climb.
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