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Debate

Is Jeffrey Lurie the unsung hero behind the Eagles' rise, or just a lucky businessman?

Football team owners are an eclectic bunch. Generally, the less you hear about them, the better. Let the drama be about the players and maybe the coaches, you know? They have a lot of resources invested in these teams, so it’s only natural they’d want to protect that investment. That’s how you get hands-on owners like Jerry Jones, owner/GM of the Buffalo Bills.

Then there are owners like Jeffrey Lurie of the Philadelphia Eagles. He is clearly passionate about his franchise (though he might secretly have been more of a Patriots fan all along). And it’s not like he’s shy of the limelight, but he knows well enough to leave the football to the professionals. And he’s done well for himself with that approach.

Just how rich is Jeffrey Lurie?

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To put it in brief, Lurie is filthy rich. As of now, Forbes Magazine estimates him and his family’s net worth at a whopping $5.3 billion. Quite the chunk of change. A Boston boy through and through, he was born in the city, then pursued all his education in Boston too. He got a B.A. from Clark University, a master’s in psychology from Boston U, and then a social policy doctorate from Brandeis University.

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Given this Boston pedigree, it’s no wonder he tried to buy the Patriots in 1993, though he failed. He simply couldn’t afford it at the time. He got his start with an executive role at his grandfather’s General Cinema Corporation in 1983, founding his own Chestnut Hill Productions in 1985.

While there are a few standout titles like Jerry Maguire, most of the films produced under them were forgettable. Lurie did, however, go on to produce two Academy Award-winning documentaries, Inside Job and Inocente. Come 1994, he bought the Philadelphia Eagles from Norman Braman, taking out a massive loan from the Bank of Boston to do so.

How much are the Philadelphia Eagles worth?

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Well, the 1994 purchase went through for $195 million, $190 million of that being loaned from the Bank of Boston. $195 million back then would’ve been worth about $401 million in 2023 USD, and Lurie had to put a lot of his personal stock up as collateral in the process. It paid off, though. As of the start of this season, the Philadelphia Eagles are worth a whopping $6.6 billion. Even accounting for inflation, that’s more than a 16-fold increase.

What’s your perspective on:

Is Jeffrey Lurie the unsung hero behind the Eagles' rise, or just a lucky businessman?

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Plus, they’re bringing in about $650 million in revenue every year. The Eagles are an established brand, more so after they won a Super Bowl under Lurie’s ownership fairly recently in 2018. Granted, their performance this year has been so so, and Nick Siriani’s antics have raised eyebrows. But they’re still in a position to impress the league and boost their value even more.

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