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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