Tag: Jeffrey Lurie

Eagles franchise now valued at $8.3B after NFL approves sale of 8% stake

NFL owners approve two families agreeing to acquire an 8% stake in the Eagles in deals that value the franchise at just north of $8.3 billion.

After previously exploring the sale of a minority stake in the Eagles franchise, two families each agreed to acquire small stakes in Jeffrey Lurie’s franchise in deals that raised the team’s value to just north of $8.3 billion.

The new investors would hold 8% of the club once NFL owners approved the transaction.

The family trust of Ed Peskowitz, founder of United Communications Group and a former co-owner of the NBA’s Hawks, will take a 4.75% stake in a deal led by his children, Zachary Peskowitz and Olivia Suter. Susan Kim, chairman of the board of semiconductor company Amkor Technology, would buy 3.25% through a trust she created for her children, sources said.

Eagles majority owner Jeffrey Lurie, who would still control 85% of the team, is not currently planning to divest further, according to sources. Lurie, who bought control of the team in 1994 for $195M, has had small minority investors since the earliest days of his ownership, including Firstrust Bank Chairman and CEO Richard Green and Mike Michaelson, a longtime partner at KKR. Both sold part of their shares to the new investors in this deal as well.

That approval came on Wednesday when league owners okayed the 8% franchise sale.

The $8.3 billion figure represents a multiple of roughly 11-12 times revenue and would represent a record price tag for an NFL team.

Laurie has controlled the franchise since May 1994, when he acquired the Eagles from the infamous Norman Braman for a reported $185 million, a record for a sports team at the time.

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Eagles franchise now valued at $8.1B after Jeffrey Lurie sells two minority stakes

Two families have each agreed to acquire an 8% stake in the Eagles in deals that value the franchise at just north of $8.1 billion.

After previously exploring the sale of a minority stake in the Eagles franchise, Sports Business Journal is reporting that two families have each agreed to acquire small stakes in the franchise in deals that raised the team’s value to just north of $8.1 billion.

The new investors will hold 8% of the club, once NFL owners approve the transactions.

The family trust of Ed Peskowitz, founder of United Communications Group and a former co-owner of the NBA’s Hawks, will take a 4.75% stake in a deal led by his children, Zachary Peskowitz and Olivia Suter. Susan Kim, chairman of the board of semiconductor company Amkor Technology, would buy 3.25% through a trust she created for her children, sources said.

Eagles majority owner Jeffrey Lurie, who would still control 85% of the team, is not currently planning to divest further, according to sources. Lurie, who bought control of the team in 1994 for $195M, has had small minority investors since the earliest days of his ownership, including Firstrust Bank Chairman and CEO Richard Green and Mike Michaelson, a longtime partner at KKR. Both sold part of their shares to the new investors in this deal as well.

The $8.1 billion figure represents a multiple of roughly 11-12 times revenue and would represent a record price tag for an NFL team.

Laurie has controlled the franchise since May 1994, when he acquired the Eagles from the infamous Norman Braman for a reported $185 million, a record for a sports team at the time.

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WATCH: LeSean ‘Shady’ McCoy inducted into the Philadelphia Eagles Hall of Fame

Harrisburg native, and former Pitt Panthers running back LeSean ‘Shady’ McCoy was inducted into the Philadelphia Eagles Hall of Fame

In what can only be described as an electric and magical moment, Harrisburg, Pennsylvania native and former Pitt Panthers star LeSean ‘Shady’ McCoy was inducted into the Philadelphia Eagles Hall of Fame and Ring of Honor at halftime of the team’s Week 9 game against the Jacksonville Jaguars.

McCoy is arguably the most excellent running back in Eagles franchise history, and he’s been honored as such.

Back in July, at halftime of the preseason finale, team owner Jeffrey Lurie announced that the former Pitt Panthers star and second-round pick would be inducted into the team’s Hall of Fame on Sunday, November 3, 2024, when the Eagles host the Jacksonville Jaguars at Lincoln Financial Field.

The official announcement was made during a special halftime ceremony this past summer, part of the Eagles Legends Homecoming Game, during which many of the franchise’s greats returned to commemorate their time with the Eagles.

Philadelphia used a second-round pick (53rd overall) in the 2009 NFL Draft on McCoy, and he became the franchise’s all-time leader in rushing yards (6,792 yards). A three-time Pro Bowl back (2011, 2013-14) and two-time All-Pro (2011, 2013) with the Eagles, McCoy recorded the third-most rushing touchdowns in team history (44), and he still holds the franchise record for the most rushing yards in a single season (1,607 yards in 2013).

McCoy set the team’s single-game rushing record with 217 yards during the iconic “Snow Bowl” in 2013, which became the standout running back’s signature performance.

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Eagles owner, Saquon Barkley spent off day playing golf with former President Obama

Philadelphia Eagles owner Jeffrey Lurie, Saquon Barkley and Jalen Hurts played a round off golf with President Barack Obama

The Eagles are feeling good again after winning three straight games. As the team prepares for a Week 9 matchup against the Jaguars on Sunday, Philadelphia’s owner and two superstars spent time with a former President.

According to John Clark of NBC Sports Philadelphia, Eagles owner Jeffrey Lurie, star quarterback Jalen Hurts, and star running back Saquon Barkley played a round of golf with Barack Obama at a local course.

Obama and legendary singer Bruce Springsteen appeared in Philadelphia at a “When We Vote We Win” concert as Vice President Kamala Harris campaigned in Michigan.

Barkley took up golf this off-season, while Hurts slowly intricated himself into the game despite Lurie jokingly telling his quarterback to avoid playing the sport in hopes of preventing injury.

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LOOK: Nick Foles officially retires as a member of the Philadelphia Eagles

Nick Foles retired from the NFL on Monday as a member of the Philadelphia Eagles, signing a contract with owner Jeffrey Lurie

The Nick Foles era is officially over. The former Arizona star and 2012 draft pick signed paperwork with owner Jeffrey Lurie earlier today, retiring as a member of the Philadelphia Eagles.

“It will be my first time to go to a game as a non-player. I’ve never been to an NFL game without a jersey on, running out of the tunnel,” Foles said in an exclusive interview for the Microsoft Teams Legend of the Week feature. “I’m so grateful I get to do it as a Philadelphia Eagle. I’ve dreamed of going out of that tunnel at least once more and being there with the crowd and seeing them cheering on the Eagles, cheering on this team – it’s a new team each and every year – and I really don’t know what the emotions will be like. Just talking about it right now, I’m starting to sweat a little bit and I’m starting to feel it, and I’m not there (in Philadelphia) yet.

“I’m truly excited. To end it this way is the right way and it means a lot to me.”

Foles, 30, had a postseason record of 4-1 during his final two years in Philadelphia, including winning MVP of Super Bowl LII. In place of an injured Carson Wentz, Foles went 6-2 in the regular season in his final two years in Philadelphia, leading the Eagles to two playoff berths.

Nick Foles played 11 seasons for six teams, including the Eagles and Bears.

Foles has passed for 14,227 yards and 82 touchdowns, earning one Pro Bowl nomination, the Super Bowl MVP, and the Lombardi Trophy.

Did Eagles Hall of Famer lose a foot race to the legendary Aaron Donald?

LeSean McCoy and Aaron Donald race for money on the streets of LA

LeSean McCoy is arguably the most excellent running back in Eagles franchise history, and he’ll be honored this coming season during the team’s game against the Jacksonville Jaguars.

Still, if he ever got into an altercation with Aaron Donald and attempted to flee, the Rams’ legendary defensive tackle would have no problem catching up to the guy known as ‘Shady’ around the world.

Former Eagles great DeSean Jackson posted multiple videos to his Instagram account of McCoy and Donald engaged in a literal foot race. Donald was running in jeans, and McCoy put his sneakers to the side to run barefoot.

https://instagram.com/reel/C_HM7xIybDh/?utm_source=ig_web_copy_link

Donald walked away from the NFL with 10 Pro Bowl selections, eight first-team All-Pro honors, three AP Defensive Player of the Year awards, a Super Bowl ring, and a place on the Pro Football Hall of Fame All-Decade Team of the 2010s.

Philadelphia used a second-round pick (53rd overall) in the 2009 NFL Draft on McCoy, and he became the franchise’s all-time leader in rushing yards (6,792 yards). A three-time Pro Bowl back (2011, 2013-14) and two-time All-Pro (2011, 2013) with the Eagles, McCoy recorded the third-most rushing touchdowns in team history (44), and he still holds the franchise record for the most rushing yards in a single season (1,607 yards in 2013).

Eagles to induct LeSean McCoy into team’s Hall of Fame

Philadelphia Eagles to induct LeSean McCoy into team’s Hall of Fame at halftime of Nov. 3 game against the Jacksonville Jaguars

LeSean McCoy is arguably the most excellent running back in Eagles franchise history, and he’ll be honored this coming season during the team’s game against the Jacksonville Jaguars.

At halftime of the preseason finale, team owner Jeffrey Lurie announced that the former Pitt Panthers star and second-round pick would be inducted into the team’s Hall of Fame on Sunday, November 3, 2024, when the Eagles host the Jacksonville Jaguars at Lincoln Financial Field.

The official announcement was made during a special halftime ceremony on Saturday afternoon, part of the Eagles Legends Homecoming Game, during which many of the franchise’s greats returned to commemorate their time with the Eagles.

Philadelphia used a second-round pick (53rd overall) in the 2009 NFL Draft on McCoy, and he became the franchise’s all-time leader in rushing yards (6,792 yards). A three-time Pro Bowl back (2011, 2013-14) and two-time All-Pro (2011, 2013) with the Eagles, McCoy recorded the third-most rushing touchdowns in team history (44), and he still holds the franchise record for the most rushing yards in a single season (1,607 yards in 2013).

McCoy set the team’s single-game rushing record with 217 yards during the iconic “Snow Bowl” in 2013, in what went on to become the standout running back’s signature performance.

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Jason Kelce would back out of ESPN analyst job to become Eagles minority owner

Jason Kelce says he would back out of his job on ESPN’s Monday Night Countdown for a chance to become Philadelphia Eagles minority owner

Jason Kelce made a lot of money in the NFL, and while he’s set up generational wealth for his family, he’s still not in the category of his former owner, Jeffrey Lurie.

Lurie is contemplating selling a minority stake in the Eagles, and the legendary center wants in on the deal.

During the latest “New Heights” podcast with his brother Travis, Kelce— who announced his retirement after 13 seasons in Philadelphia in March — joked that getting parts in any deal would make him walk away from his new broadcast deal with ESPN.

“Listen, I’ll back out of the TV deal right now if you tell me I could own the Philadelphia Eagles,” Jason said, laughing.

“What? No way!” Travis said, to which Jason replied, “Come on, are you kidding me? To be an owner? That’s like another level.”

Laurie has controlled the franchise since May 1994, when he acquired the Eagles from the infamous Norman Braman for a reported $185 million, a record for a sports team at the time.

The gold standard franchise has to be given a valuation for minority shares to be sold, and according to Bloomberg, the Eagles may be valued at $7.5 billion, a figure that would represent 11 times their yearly revenue and would be the highest valuation ever given to an NFL team.

You can see Kelce’s comments and Travis’s reactions below.

Report: Eagles owner Jeffrey Lurie is exploring a sale of minority stake in the franchise

Jeff Lurie is exploring a sale of a minority stake in the National Football League’s Philadelphia Eagles, according to Bloomberg

Jeffrey Lurie turned a $185 million loan from his parent into an NFL franchise now worth $5 billion and counting, and the Eagles owner could be looking for partners.

Bloomberg reports that Philadelphia’s ownership group has been exploring a potential sale of a minority stake in the franchise.

Jeff Lurie is exploring a sale of a minority stake in the National Football League’s Philadelphia Eagles, according to a person with knowledge of the matter.

Lurie is working with BDT & MSD Partners to solicit interest from potential suitors for a stake in the team, which may be valued at more than $7.5 billion in any transaction, said the person, who asked not to be identified discussing confidential information. The $7.5 billion figure represents a multiple of roughly 11 times revenue, and would represent a record price tag for an NFL team.

According to the report, the size of the minority stake hasn’t been disclosed, but it won’t be enough for a potential partner to attain any majority control of the franchise.

Laurie has controlled the franchise since May 1994, when he acquired the Eagles from the infamous Norman Braman for a reported $185 million, a record for a sports team at the time.

Eagles director of scouting Brandon Hunt to interview for Patriots GM role

The Eagles could be set to lose another key member of the front office personnel, as Adam Schefter reports that Brandon Hunt will interview for the Patriots lead personnel job (GM).

The Eagles could be set to lose another key front office personnel member, as Adam Schefter reports that Brandon Hunt will interview for the Patriots’ lead personnel job (GM).

Hunt was a homegrown talent for the Steelers and a Pittsburgh native who attended IUP and had been learning on the job under Kevin Colbert for almost 15 years.

Hunt officially joined Pittsburgh’s scouting department in 2010 and was named the pro scouting coordinator for Houston after Doug Whaley was hired as the general manager of the Buffalo Bills.

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The move to Philadelphia was essentially a trade of front-office personnel, with Andy Weidl joining the Steelers as Omar Khan’s assistant GM.

For New England, the interview process is a chance to balance the front office with proper titles after former head coach Bill Belichick did not have a traditionally titled general manager in his 24 seasons.

Krafts (ownership) hasn’t employed one since owning the team, and current senior personnel Eliot Wolf is the favorite to land the job.