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NFL greenlights sale of portion of Philadelphia Eagles at $8.3 billion valuation


The National Football League has approved the sale of an 11% stake in the Philadelphia Eagles to two family investment groups, valuing the team at $8.3 billion. Longtime owner Jeffrey Lurie will maintain majority control of the team. The Eagles were previously valued at $7 billion and ranked ninth in the league by revenue in 2023. The sale reflects the surge in sports team values, particularly in the NFL. The new minority owners include Susan Kim and the children of former Atlanta Hawks co-owner Ed Peskowitz. Lurie has owned the team since 1994 and led them to their first Super Bowl title in 2018. The Eagles are currently leading the NFC East with a record of 11-2. The sale was approved at an NFL owners’ meeting in Dallas and does not include the stadium or any other assets. The Eagles received strong interest in the sale from families, individuals, and private equity firms. This sale comes after the league voted to approve private equity investment, allowing for the sale of minority stakes in teams.

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www.nbcnews.com

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