The Philadelphia Eagles have been one of the most successful teams in the last decade on the field and it appears that comes with some financial benefits as well. Bloomberg is reporting that owner Jeffrey Lurie is exploring the sale of a minority stake of the team.
Jeffrey Lurie is working with BDT & MSD Partners to obtain interest from potential suitors for a stake in the Philadelphia Eagles. It has been made clear that there is no path to a controlling stake of the team at this time and instead will be one of the minority owners, meaning there will not be an official Philadelphia Eagles sale.
Lurie originally purchased the Philadelphia Eagles in 1994 for $185 million and is far from the only owner exploring their options. The Buffalo Bills and Miami Dolphins are also exploring their options as well after seeing the Washington Commanders sell for $6 billion last year.
In terms of the Eagles, their valuation according to Bloomberg is more than $7.5 billion. There is a succession plan seemingly in place for ownership as Lurie’s son, Julian, began to work for the team in 2022. It will be interesting to see if any celebrities or businessmen jump into the opportunity to become a partial owner of the Philadelphia Eagles.
What would this mean for the future of the Philadelphia Eagles?
The day-to-day processes for the Philadelphia Eagles likely will not change an iota whether Jeffrey Lurie sells a percentage of the team or not. Instead, this will mean more liquid assets in his pockets and less of a controlling interest. However, it only would mean much of anything if he were to go anywhere below 51% ownership, as he would lose the majority interest of the team.
This is going to be interesting as the values of sport franchises around the world seemingly continue to increase without any signs of slowing down. There have been many celebrities and athletes that have gone into ownership roles such as Jay Z, Patrick Mahomes and others so there will likely be many suitors wanting to get in on a piece of the top league in the United States.
