From CNBC: 2024-12-11 13:44:33

The NFL has approved the sale of an 8% minority stake in the Philadelphia Eagles, valuing the team at $8.3 billion. Longtime owner Jeffrey Lurie will maintain majority control. The Eagles were the ninth most valuable NFL team at $7 billion in September and generated $669 million in revenue last year. The sale reflects the NFL’s strong sports team value growth.

In addition to the Eagles, NFL owners approved new minority stakes in the Miami Dolphins, Buffalo Bills, and Las Vegas Raiders. The Dolphins sold a 10% stake to Ares Management and a 3% stake to Brooklyn Nets owners. The Bills welcomed 10 new minority owners, including private equity firm Arctos and former NBA players. The Raiders sold 15% to Silver Lake co-CEO and Discovery Land Co. founder.

The Eagles’ minority owners include Susan Kim, Zack Peskowitz, and Olivia Peskowitz Suter. Lurie has owned the Eagles since 1994 and led the team to their first Super Bowl title in 2018. The Birds are currently leading the NFC East with an 11-2 record. NFL owners also approved private equity investment this summer, leading to these recent transactions.



Read more at CNBC: NFL Philadelphia Eagles minority stake sale approved