4.6 • 12 Ratings
🗓️ 7 February 2025
⏱️ 5 minutes
🧾️ Download transcript
Even if Jeffrey Lurie’s team doesn’t come out on top in the Super Bowl, he’s a winner: The franchise is now worth 35 times what he paid for it in 1994.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Click on a timestamp to play from that location
0:00.0 | Here's your Forbes Daily Briefing for Friday, February 7th. |
0:05.0 | Today on Forbes, meet the billionaire owner of the Philadelphia Eagles. |
0:11.0 | When Jeffrey Lurie bought the Philadelphia Eagles for $185 million in 1994, |
0:18.0 | mortgaging his family's fortune to get the deal done, he faced his share of criticism. |
0:23.7 | Recalling that the deal made the front page of the newspaper, the 73-year-old billionaire told Forbes |
0:28.5 | this week, quote, The Wall Street Journal said it was the dumbest investment of the year. |
0:34.2 | To be fair, the publication had plenty of reasons to make that claim. Back then, the Eagles' home, |
0:40.3 | veteran stadium, was infested with rats and falling apart. Their practice facility was in a |
0:46.3 | similar, if not worse, state of disrepair. The organization's football operations and scouting |
0:51.9 | departments had struggled, letting future Hall of Fame defensive lineman Reggie White leave for the Green Bay Packers in 1993, |
0:59.6 | and whiffing on his replacement, Leonard Renfro, with a first-round draft pick that same year. |
1:05.7 | Thirty years later, however, the Eagle's struggles are a distant memory. |
1:10.6 | Lurie transformed the franchise, delivering a new |
1:13.0 | stadium, Lincoln Financial Field, which opened in 2003, and establishing a winning culture. |
1:19.6 | Philadelphia claimed a Super Bowl title in 2018 and returned to the big game in 2023, |
1:25.3 | falling just short against the Kansas City Chiefs. |
1:28.6 | Now, the Eagles have a shot at redemption and their second-ever Lombardi Trophy, |
1:33.4 | as they once again face the Chiefs in Super Bowl 59 in New Orleans on Sunday. |
1:39.0 | Regardless of the game's outcome, Lurie is already a winner. |
1:42.8 | The Eagles are the eighth most valuable franchise in the NFL |
1:45.7 | and the 12th most valuable team from any sport at $6.6 billion by Forbes's count, an astonishing |
1:53.3 | 3500% return on their owner's initial investment. That mark could be even higher after Lurie |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forbes, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forbes and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.