Mega Energy Cooperation with TIpsNews

NFL Rumors: Eagles’ Jeffery Lurie Exploring Possible sale of Minority Ownership Stake

 NFL Rumors: Eagles’ Jeffery Lurie Exploring Possible sale of Minority Ownership Stake
Adam WellsJune 6, 2024

MINNEAPOLIS, MN - FEBRUARY 04:  Oowner Jeffery Lurie celebrates after defeating the Fresh England Patriots 41-33 in Big Bowl LII at U.S. Financial institution Stadium on February 4, 2018 in Minneapolis, Minnesota.  (Describe by Patrick Smith/Getty Images)

Patrick Smith/Getty Images

Philadelphia Eagles owner Jeffrey Lurie is asking into the possibility of promoting a portion of the franchise.

Per Gillian Tan of Bloomberg, Lurie is working with BDT & MSD Partners to promote a minority stake in the Eagles at a time when the total price of the franchise may possibly well be worth extra than $7.5 billion.

The scale of the capability minority stake is unknown at this level, nonetheless Tan worthy it can well well no longer be adequate to attain majority modify of the franchise in some unspecified time in the future.

Lurie’s exploration of adding a minority owner comes at a time when varied sports leagues, including the NFL, are exploring the possibility of non-public equity companies being allowed to buy a stake in groups.

NFL commissioner Roger Goodell addressed the topic all over a press convention at the NFL’s annual spring meeting closing month:

“We’re being very considerate and deliberate. The (finance) committee is working it supreme-searching exhausting. We have gotten a range of curiosity in the inner most equity rental. … We’re making precise development on ability inner most equity. We’re going to continue to be very deliberate, nonetheless I put a query to there to be something by the stay of the yr.”

ESPN’s Michael Rothstein worthy on Can also 19 that the league has had a clear committee searching into ability changes to league rules for crew ownership for 9 months.

The committee’s investigation comes as NFL franchise values have skyrocketed, reducing the pool of ability investors every time a franchise becomes on hand.

Per essentially the most most modern franchise valuations from Forbes launched in August 2023, the real looking price for an NFL crew is $5.1 billion. The least-helpful franchise is the Cincinnati Bengals at $3.5 billion.

Goodell moreover acknowledged at his press convention that league owners agreed to enhance the debt restrict for franchise acquisition by $200 million to $1.4 billion.

Lurie has owned the Eagles since 1994 when he spent $185 million to buy the franchise from Norman Braman.

Under Lurie’s ownership, the Eagles have made the playoffs 18 times and developed to the Big Bowl Three times. They defeated the Fresh England Patriots in Big Bowl 52 for the vital Big Bowl title in franchise history.

Read More

Digiqole Ad

Related post

Leave a Reply

Your email address will not be published. Required fields are marked *