Philadelphia Eagles owner Jeffrey Lurie has been at the helm of the organization since 1994. Now it appears as though he may be looking to expand the franchise to new parties. Reports are coming out from various media outlets that Lurie may be looking to sell a minority stake in the team.
What Is The Status Of A Potential Sale?
According to the New York Post, Lurie is in talks with another company on this sale. Lurie and Susan Y. Kim, the executive chair of Arizona-based Amkor Technology, are in talks where Kim would purchase a minority stake in the team that would increase the team’s value to around $8 billion.
That estimated value would make the team the second most valuable franchise in the NFL, behind the division rival Dallas Cowboys. Other outlets like Sports Business Journal report that a potential sale in this case could be very beneficial for the team. As the outlet reports, while other billionaire owners of sports teams have other successful business ventures and owning a sports team is one of their best assets, Lurie is solely dedicated to running the Eagles.
What Are The Advantages Of This Deal
The potential benefits of a sale between Kim and the Eagles owner could be significant. First, this deal could expand the fanbase to a West Coast influence. The target market and overall influence of the team could increase leading to wider sales and exposure. The sale benefits the team as well. Lurie can use the funds in this deal for the team and team functions. That is potentially millions of dollars according to Sports Business Journal. That money can be spent on offseason free agents and contract extensions. Forbes ranked the Eagles as the 8th most valuable team in the NFL. It will be interesting to see what opportunities potentially open up.
Main Photo: Kirby Lee – USA Today Sports
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