Philadelphia Eagles quarterback Jalen Hurts (1) looks on in the second half during the game between the Carolina Panthers and Philadelphia Eagles on December 08, 2024 at Lincoln Financial Field in Philadelphia, Pennsylvania.
Sportswire Icon | Sportswire Icon | Getty Images
The National Football League has agreed to sell a minority stake in the Philadelphia Eagles to two family investment groups.
The deal is for an 11% stake in the team and values the Eagles at $8.3 billion, according to a league source.
The sale was approved Wednesday at an NFL owners meeting in Dallas. It includes the sports team alone and does not include the stadium or any other assets.
Longtime owner Jeffrey Lurie will retain majority control of the team, the source said.
according to Official NFL team ratings on CNBC In September, the Philadelphia Eagles were the ninth most valuable team at $7 billion. CNBC's ratings are based on controlling interests.
The Eagles finished ninth in the league Revenues last year amounted to $669 million In 2023.
The recent sale demonstrates the rapid rise in sports team values, which have been exceptionally strong for the NFL. The Eagles have received strong selling interest from families, individuals and private equity firms, according to a league source.
The Eagles' newest minority owners include Susan Kim, chairman of Amcor Technology, a product packaging company. Zach Peskowitz and Olivia Peskowitz Sutter 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.
Lowry has owned the Eagles since 1994, when he took out a loan to buy the team for $185 million.
Under Lowry's ownership, the Eagles won their first-ever Super Bowl title in 2018, as well as multiple conference championships throughout his tenure. The Birds currently sit first in the NFC East with an 11-2 record.
Lowry first announced the potential sale of a minority stake in the team in June after the league voted to approve a private equity investment.
— CNBC's Michael Ozanian contributed to this report.
