The Philadelphia Eagles have agreed to sell two minority stakes in the team with deals that value the franchise at over $8.1 billion, writes Ben Fischer for Sports Business Journal.

Assuming NFL owners approved the transactions, the new investors will hold 8 percent of the club.

Specifically, the family trust of Ed Peskowitz, founder of United Communications Group and former co-owner of the Atlanta Hawks, will take a 4.75 percent stake in a deal that was led by his children. Meanwhile, Susan Kim, chairman of the board for Amkor Technology would buy 3.25 percent through a trust she created for her children.

Jeffrey Lurie, the Eagles majority owner, would still control 85 percent of the team.

He originally bought control of the team in 1994 for $195 million. He’s had small minority investors since the early days of his ownership, which include Firstrust Bank chairman and CEO Richard Green, and longtime KKR partner Mike Michaelson. Both investors sold part of their shares to the new investors, as well.

Team owners are set to meet December 10-11 outside Dallas. At least 24 of the 32 owners must approve the deal for it to be approved.

Read more about Eagles’ minority stake deals and others in the NFL in the Sports Business Journal.

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Editor’s Note: This post was originally published on PHILADELPHIA Today in November 2024.