The value of the Philadelphia Eagles franchise went up by 18 percent to $5.8 billion in the last year, according to Forbes’ new NFL team valuations, writes Michael Potter for the Philadelphia Business Journal.

The increase follows a 2022-23 season that wrapped up with a Super Bowl appearance and saw the team set its records for revenue and operating income. During the season, the Eagles generated revenue of $598 million, which is a 9 percent increase from the previous season.

This new valuation keeps the Eagles at tenth in the rankings of the highest-valued NFL teams published by Forbes. The Philadelphia team occupied the same spot last year when it was valued at $4.9 billion.

The value growth recorded by the Eagles bettered the league average of 14 percent and was the second-largest increase among the top ten teams. Only the Las Vegas Raiders, whose value increased by 22 percent this year, bested the Eagles’ gain.

Jeffrey Lurie, the owner of the Eagles, bought the team in 1994 from Norman Braman for $185 million and has since seen his investment pay off handsomely.

Currently, the team’s value represents a 3,035 percent growth from its purchase price.

Read more about the why Philadelphia Eagles franchise increased nearly 20 percent this year in the Philadelphia Business Journal.

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