NFL approves sale of a minority stake in the Philadelphia Eagles at $8.3 billion price

The National Football League has well-liked the sale of a minority stake in the Philadelphia Eagles to 2 family investment groups. 

The deal is for an 11% stake in the crew and values the Eagles at $8.3 billion, in step with a league source.

The sale changed into as soon as well-liked Wednesday at an NFL house owners’ assembly in Dallas. It involves the sports actions crew by myself and does now not consist of the stadium or any different resources.

Longtime proprietor Jeffrey Lurie will retain majority management of the crew, the source stated.

Per CNBC’s Legit NFL Crew Valuations in September, the Philadelphia Eagles had been the ninth most valuable crew at $7 billion. CNBC valuations are in step with management stakes.

The Eagles had been No. 9 in the league by income final 365 days, bringing in $669 million in 2023.

The most fresh sale illustrates the meteoric upward push of sports actions crew values, which had been exceptionally solid for the NFL. The Eagles bought tough ardour in the sale from households, individuals and non-public equity companies, in step with a league source.

The Eagles’ most up-to-date minority house owners consist of Susan Kim, chairman of the board of Amkor Technology, a product packaging company. Zack Peskowitz and Olivia Peskowitz Suter will moreover be half of the investor crew. They’re the kids of Ed Peskowitz, founder of United Communications Neighborhood and a extinct co-proprietor of the Atlanta Hawks.

Lurie has owned the Eagles since 1994, when he took out a mortgage to buy the crew for $185 million.  

Beneath Lurie’s ownership, the Eagles obtained their first-ever Abundant Bowl title in 2018, to boot to several conference championships right thru his tenure. The Birds are for the time being ranked first in the NFC East with a file of 11-2.

Lurie first equipped the aptitude sale of a minority stake in the crew in June after the league voted to approve non-public equity investment.

Michael Ozanian, CNBC

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