IS JEFF LURIE READY TO PASS TORCH TO SON JULIAN AS EAGLES OWNER?

By Max Harper

News leaked on Bloomberg the other day that Eagles owner Jeffrey Lurie is seeking to sell a slice of the team to a minority buyer.

Lurie is working with BDT & MSD Partners to solicit interest from potential suitors, with the team valued at more than $7.5 billion in any transaction.

The $7.5 billion figure represents a multiple of roughly 11 times revenue, and would represent a record price tag for an NFL team.

The big question is why is he selling a slice?

Lurie will be 73 in September, and he has owned the team for 30 years.

His 29-year-old son Julian (middle, above) is in the front office, handling some business and football operations.

The sale of a slice may be the father’s signal that Julian is ready to take over as official owner.

Lurie has a net worth of $5.4 billion, according to the Bloomberg Billionaires Index. He’s controlled the franchise since May 1994, when he acquired the Eagles from Norman Braman for a reported $185 million, a record for a sports team at the time.

The possible deal comes as a portion of another NFL team in the Northeast is up for grabs. In April, the Buffalo Bills said its owner, Terry Pegula, hired Allen & Co. to explore the potential sale of a non-controlling, minority interest.

The efforts follow increased interest in teams from a slew of billionaires as well as private equity firms, which are awaiting a vote that would facilitate minority ownership, Bloomberg News has reported. That vote was delayed at a owner meeting last month.

A group led by Josh Harris acquired the Washington Commanders for a record $6 billion last year, and Stephen Ross has said he’s exploring selling a stake in the Miami Dolphins amid surging valuations.

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