Philadelphia Eagles quarterback Jalen Hurts (1) watches the second half of a game between the Carolina Panthers and Philadelphia Eagles at Lincoln Financial Field on December 8, 2024 in Philadelphia, Pennsylvania.
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The NFL has approved the sale of a minority stake in the Philadelphia Eagles to two family investment groups.
According to league sources, the deal involves 11% of the team’s shares and values ​​the Hawks at $8.3 billion.
The sale was approved Wednesday at an NFL owners meeting in Dallas. It only includes sports teams, not stadiums or any other assets.
Longtime owner Jeffrey Lurie will retain majority control of the team, sources said.
according to CNBC official NFL team valuations In September, the Philadelphia Eagles ranked ninth with a net worth of $7 billion. CNBC’s valuation is based on a controlling stake.
Eagles ranked 9th in league Revenue last year was $669 million 2023.
The latest sales illustrate the rapid rise of sports team values, which is particularly strong for the NFL. The Hawks sale has generated strong interest from families, individuals and private equity firms, league sources said.
The Eagles’ newest minority shareholders include Susan Kim, chairwoman of the board of directors of product packaging company Amkor Technology. Zack Peskowitz and Olivia Peskowitz Suter will also join the investor team. They are the children of Ed Peskowitz, founder of United Communications Group and former co-owner of the Atlanta Hawks.
Lurie has owned the Hawks since 1994, when he took out a loan to buy the team for $185 million.
Under Lurie, the Eagles won their first Super Bowl title in 2018, in addition to multiple league championships during his tenure. The Jays currently rank first in the NFC East with an 11-2 record.
Lurie first announced the possible sale of a minority stake in the team in June after the league voted to approve private equity investment.
—CNBC’s Michael Ozanian contributed to this report.
