Jeffrey Lurie's Return on Investment After Purchasing Eagles is Mind-Boggling
The NFL is a business, and a lucrative one at that. One person who knows that firsthand is Philadelphia Eagles owner Jeffrey Lurie.
Over the last two decades, the Eagles have been relatively successful, advancing to the playoffs in 12 of the 19 seasons since 2000. With success comes money, and Lurie now has a whole lot of it since buying the team in 1995.
The @Eagles are valued at $2.75 billion. Jeff Lurie bought them for $185 million in 1995. I’m not sure how to do the math for annual growth - but I think the answer is “a s#@*load.” https://t.co/h46j0dQI1L
— Glen Macnow (@RealGlenMacnow) July 22, 2019
When Lurie first purchased the team, he spent $185 million. Now, the Philadelphia Eagles are valued at $2.75 billion. That's an insane increase in value, considering just a few years ago in 2014 the team was only worth $1.314 billion.
In five years the team increased in value by over $1.4 billion!
The Philadelphia Eagles are valued at $1.314 billion: http://t.co/4UXhFvfZOW pic.twitter.com/V2U9tA09Rt
— Forbes (@Forbes) July 18, 2014
With the NFL being the money machine that it is, it's no surprise to see the Eagles ranked only the 10th NFL team on that list and 24th overall worldwide. The Cowboys sit atop the entire list valued at an astonishing $5 billion.
Another one of the NFL teams ahead of the Eagles is the New England Patriots, who are valued at $3.8 billion and ranked seventh overall on that list. Interestingly enough, Lurie grew up loving the Pats and attempted to buy them in 1994. Unfortunately for him, he was outbid by Robert Kraft.
Knowing that, it must've felt even better for him when the Eagles beat the Patriots in Super Bowl 52.