Jeff Lurie, who has owned the Eagles for 30 years, is considering selling a minority ownership stake, according to Bloomberg.com. Lurie acquired the team in April 1994 from Norman Braman for $185 million and the franchise is now valued at approximately $7.5 billion. However, there is no possibility of attaining a controlling interest stake, as Lurie is collaborating with BDT & MSD to find potential buyers. The exact percentage of the franchise that may be sold has not been finalized and there is a chance that no deal will materialize from these discussions.
The Eagles have had seven owners since their founding in 1933 by Bert Bell and Lud Wray. Leonard Tose was the owner from 1969 to 1985 and Jeff Lurie has been the owner for nearly twice as long. With no path to achieving a controlling interest, significant changes to the franchise’s day-to-day operations may not occur if a deal is reached and fans would likely not notice any significant alterations.
Julian Lurie, Jeff’s son, has been increasingly involved in team operations with the intention of eventually taking over control of the franchise. Julian currently holds the position of business and football operations strategy within the team. During the 2022 NFL owners meetings in Palm Beach, Florida, Jeff expressed confidence in his son’s abilities and plans to expose Julian to all aspects of the business and operations departments within the franchise. The Eagles declined to comment on the report at this time.
