After Before you consider the sale a minority stake in the Eagles franchise, Sports Business Journal reports that two families each agreed to purchase small stakes in the franchise, increasing the team's value to just over $8.1 billion.
The new investors will own 8% of the club once NFL owners approve the transactions.
The family fund of Ed Peskowitz, founder of United Communications Group and former co-owner of the NBA's Hawks, will take a 4.75% stake in a deal led by his children Zachary Peskowitz and Olivia Suter. Sources said Susan Kim, chief executive of semiconductor company Amkor Technology, would buy 3.25% through a trust she set up for her children.
According to sources, Eagles majority owner Jeffrey Lurie, who would continue to control 85% of the team, has no plans for further divestitures at this time. Lurie, who bought control of the team for $195 million in 1994, has had small minority investors since the early days of his ownership, including Firstrust Bank Chairman and CEO Richard Green and Mike Michaelson, a longtime partner at KKR. In this deal, too, both sold part of their shares to the new investors.
The amount of $8.1 billion represents a multiple of approximately 11 to 12 times sales and would be a record price for an NFL team.
Laurie has controlled the franchise since May 1994, when he purchased the Eagles from the infamous Norman Braman for a reported $185 million, a record for a sports team at the time.