Jeff Lurie, who bought the Eagles 30 years ago, is considering selling a minority ownership stake as per a report by Bloomberg.com. The exact percentage of the franchise that may be sold has not been finalized yet, and there is a chance that no deal will materialize from these discussions. However, if a deal is reached, fans can expect significant changes to the franchise’s day-to-day operations.
With the Eagles stating that there is no path to achieving a controlling interest, it means that changes in the franchise’s operations may not occur if a deal is made. Leonard Tose was the owner of the team from 1969 to 1985 when he sold it to Norman Braman for $185 million. Jeff Lurie acquired the team in April 1994 and now owns it for nearly twice as long as any other owner.
The Eagles have had seven owners since their founding in 1933 by Bert Bell and Lud Wray. In recent years, Jeff Lurie has increasingly involved his son Julian in team operations with plans to eventually pass control over to him. Julian currently holds the position of business and football operations strategy within the team.
During this year’s NFL owners meetings in Palm Beach, Florida, Jeff Lurie disclosed that his son shares his passion for sports and football like him. He plans to expose Julian to all aspects of business and operations departments within the franchise while expressing confidence in his son’s abilities to handle ownership of the team better than before.
