Jeff Lurie, the current owner of the Eagles, is reportedly considering selling a minority stake in the team. Lurie bought the team in April 1994 for $185 million and it’s estimated to be worth around $7.5 billion today. Reports suggest that Lurie is working with investment banks to explore potential buyers but there will be no opportunity for a controlling interest stake in the team.
The exact percentage of the team that could be sold remains uncertain and it’s possible that no deal will materialize from these explorations. If potential buyers are informed that there is no path to obtaining controlling interest, it implies that there will be no significant changes to the day-to-day operations of the franchise. Despite any discussions, if an agreement is reached, it’s not expected to affect Eagles fans substantially.
Lurie, who is currently 72 years old, has owned the Eagles for nearly twice as long as any previous owner. He has been gradually involving his son Julian in team operations with the intention of eventually passing the franchise to him. At the 2022 NFL owners meetings, Lurie expressed his confidence in his son’s abilities and shared his plans to provide Julian with a comprehensive understanding of the business and operations aspects of the team.
The Eagles have not commented on reports regarding a potential sale of a minority ownership stake, but discussions remain fluid as they continue.
