The Philadelphia Eagles are sold to a minority stakeholder for $8.3 billion.
- Two family investment groups have acquired a minority stake in the Philadelphia Eagles, which has been approved by the National Football league.
- According to a league source, the deal is worth an 8% stake in the team and values the Eagles at $8.3 billion.
- Jeffrey Lurie, the longtime owner, will retain majority control of the team, according to a source.
Two family investment groups have acquired a minority stake in the Philadelphia Eagles, which has been approved by the National Football league.
According to a league source, the deal is worth an 8% stake in the team and values the Eagles at $8.3 billion.
The NFL owners approved the sale of the sports team on Wednesday in Dallas.
Jeffrey Lurie, the longtime owner of the team, will retain majority control, according to an anonymous source who spoke about internal operations.
In September, according to CNBC's NFL Team Valuations, the Philadelphia Eagles were ranked ninth with a value of $7 billion. The valuations from CNBC are based on control stakes.
In 2023, the Eagles ranked ninth in the league in terms of revenue, with a total of $669 million.
The NFL has experienced a rapid increase in sports team values, as evidenced by the latest sale of the Eagles, which attracted strong interest from various buyers, including families, individuals, and private equity firms, according to sources.
The Eagles' newest minority owners are Susan Kim, chairman of Amkor Technology, and Zack Peskowitz and Olivia Peskowitz Suter, who are the children of Ed Peskowitz, founder of United Communications Group and a former co-owner of the Atlanta Hawks.
Since 1994, Lurie has owned the Eagles after acquiring the team through a $185 million loan.
In 2018, under Lurie's ownership, the Eagles won their first Super Bowl title and several conference championships. Currently, the Birds are leading the NFC East with a record of 11-2.
In June, Lurie revealed the possibility of selling a portion of ownership in the team following the league's approval of private equity investment.
— CNBC's Michael Ozanian contributed to this report.
The stake in the team is 8%.
Business News
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