The National Football League has accredited the sale of a minority stake within the Philadelphia Eagles to 2 household funding teams.
The deal is for an 11% stake within the staff and values the Eagles at $8.3 billion, in accordance with a league supply.
The sale was accredited Wednesday at an NFL homeowners’ assembly in Dallas. It consists of the sports activities staff alone and doesn’t embrace the stadium or another belongings.
Longtime proprietor Jeffrey Lurie will keep majority management of the staff, the supply stated.
According to CNBC’s Official NFL Team Valuations in September, the Philadelphia Eagles had been the ninth most useful staff at $7 billion. CNBC valuations are primarily based on management stakes.
The Eagles had been No. 9 within the league by income final 12 months, bringing in $669 million in 2023.
The newest sale illustrates the meteoric rise of sports activities staff values, which have been exceptionally robust for the NFL. The Eagles obtained strong curiosity within the sale from households, people and personal fairness corporations, in accordance with a league supply.
The Eagles’ latest minority homeowners embrace Susan Kim, chairman of the board of Amkor Technology, a product packaging firm. Zack Peskowitz and Olivia Peskowitz Suter may also be part of the investor staff. They are the youngsters of Ed Peskowitz, founding father of United Communications Group and a former co-owner of the Atlanta Hawks.
Lurie has owned the Eagles since 1994, when he took out a mortgage to purchase the staff for $185 million.
Under Lurie’s possession, the Eagles gained their first-ever Super Bowl title in 2018, along with a number of convention championships all through his tenure. The Birds are presently ranked first within the NFC East with a file of 11-2.
Lurie first introduced the potential sale of a minority stake within the staff in June after the league voted to approve personal fairness funding.