Eagles franchise valued at $8.1 billion after Jeffrey Lurie sells minority stakes
Once upon a time, we believe it was the conclusion of the Batman Begins movie, Bruce Wayne made the boss move of all boss moves in a comic book film. William Earle walked into a meeting he thought he'd be leading only to learn Lucius Fox was facilitating. Bruce Wayne was called. He informed Earl that he had bought all of the shares making sure Wayne Enterprise's future was secure.
What in the hell does that have to do with the Philadelphia Eagles you ask? Jeffrey Lurie navigates the financial terrain just as smoothly as our guy Bruce, and while this might be the worst parallel ever drawn between fiction and the real world, we thought you might enjoy the effort in a world where journalism can, at times, be unimaginative.
No? Well, that's okay! If our beloved Philadelphia can build a statue for a fictional boxer, we can ask if our guy Jeffrey Lurie owns a Batcave.
The Eagles are now valued at $8.1 billion.
Sports Business Journal recently reported that two minority stakes in the Eagles franchise have been sold and acquired by two families. As Bruce Wayne told William Earle, "It's all a bit technical, but the important thing is the company's future is secure"
Or, in this case, more secure...
The Eagles' value now rises just north of $8.1 billion. Combined, the new investors now hold 8% of the club. All that needs to occur is for the other NFL owners to approve the transactions.
And, to think... Jeffrey Lurie bought the club in May of 1994 for $185 million which was a record for any sports team purchased at the time. The $8.1 figure would now represent an NFL record price tag for any of its 32 teams.
Eagles majority owner Jeffrey Lurie will still control 85% of the team. According to sources who spoke with the Sports Business Journal, the Philadelphia Eagles aren't currently planning to divest any further.