Philadelphia Eagles owner paid $185 million for the team 30 years ago

Philadelphia Eagles owner Jeffery Lurie bought the team for $185 million in 1994.

Transcript

00:00The Philadelphia Eagles' Super Bowl win is a 30-year return on an investment for the team's

00:05owner. Boston native Jeffrey Lurie purchased the team for $185 million in 1994 with the help of

00:13stock, a family trust, and a bank loan. At the time, it was believed to be the most expensive

00:18purchase of an established professional sports franchise. The sale came a year after he was

00:23outbid for the New England Patriots by the team's current owner Robert Kraft. In his time overseeing

00:29the franchise, Lurie has built a $37 million training facility and a new $512 million venue,

00:36Lincoln Financial Field. Now, the team is reported to be worth $6.6 billion according to Forbes,

00:43making them the eighth most valuable NFL franchise with an estimated revenue of $650 million.

00:50And two Super Bowl wins.