Philadelphia Eagles Owner Jeffrey Lurie Could Sell Stake in Team to Family of Tech Titan
Jeffrey Lurie, the owner of the Philadelphia Eagles, is currently in talks to sell a minority stake of the NFL team to sell, writes for Bloomberg.
Talks are ongoing between Lurie and the family of technology titan Susan Y. Kim, the new executive chairman of Amkor Technology Inc., according to those with knowledge of the matter.
Those same people said the yet-to-be-finalized transaction is set to value the team at $8 billion or more.
Susan Kim just recently succeeded her father, James Kim, as the executive chairman of Amkor. James Kim founded the company’s predecessor, Amkor Electronics, in 1968. The family owns 50.2 percent of Amkor Technology. According to Bloomberg, it has a market capitalization of about $6.8 billion.
James Kim is also the founder of Electronics Boutique Holdings Corp., which acquired GameSpot Corp. in 2005 for about $1.4 billion.
It was first reported that Lurie (whose net worth is $6.1 billion) was exploring the sale of a minority stake in the Eagles back in June. He has controlled the franchise since May 1994, when he acquired the team for a then-record $185 million.
All sales of interests in league teams require NFL approval, leaving a possibility that talks could collapse or other suitors emerge.
Read more about Jeffrey Lurie’s discussions to sell a minority stake in the Eagles in Bloomberg.
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