What Value Does Forbes Place on the Eagles? Spoiler Alert: Jeffrey Lurie’s Investment Has Paid Off
According to Forbes, the Philadelphia Eagles are among the Top 10 most valuable teams in the NFL for the second consecutive year, writes Rob Tornoe for the Philadelphia Inquirer.
Forbes places the Eagles’ current value at $2.75 billion, four percent higher than last year’s valuation of $2.65 billion. The team’s total revenue is listed at $458 million, with profits of $114 million, nearly double last year. The team also has a payroll of $163 million in 2018, a decrease of $11 million from last season.
The team has proved once again to have been an excellent investment for owner Jeffrey Lurie. He purchased the Birds from Norman Braman 24 years ago for $185 million. Today, that would be around $276 million.
Even after the Super Bowl victory, though, the Eagles remain the least-valuable franchise in the NFC East.
Overall, NFL team values have hit a plateau, with an average increase of only two percent from last year, the smallest increase in eight years. Nevertheless, the NFL still remains the world’s most profitable league, and could earn even more if it opts out of its Sunday Ticket deal with DirectTV and allows other bidders.
Read more about the value of the Philadelphia Eagles in the Philadelphia Inquirer by clicking here.
Top photo credit: Ed Yourdon Football: Jets-v-Eagles, Sep 2009 – 20 via photopin (license)
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