Wednesday, May 22, 2013
Wednesday, May 22, 2013

Yawn: Lurie a billionaire

Jeffrey Lurie is a billionaire.

32 comments

Yawn: Lurie a billionaire

POSTED: Wednesday, March 11, 2009, 7:10 PM
(david maialetti)

Jeffrey Lurie is a billionaire.

Yawn.

This is not news, even if Forbes magazine puts his name on a list. We have all known for a while that the Eagles are worth somewhere north of $1 billion. Given the prices of sports franchises -- given reporting/guesstimating done by Forbes itself over the last couple of years -- this has been pretty well established (although, to be fair, it really ain't worth a billion until somebody says they're willing to pay that  much).

Truth in blogging here: the only surer way in Philadelphia to get hits on your website -- surer than doing the rich-scoundrels thing about the Eagles -- is to post pictures of big-breasted women accused of felonies. (Or misdemeanors.) But I'm not going  there today because it has nothing to do with anything. It is not the reason that Brian Dawkins isn't here anymore, for example.

Because the reason Lurie is a billionaire is impeccable genetics and...you.

The reason Lurie is a billionaire is because he inherited the money it took to buy the franchise in the first place and because the NFL has exploded in the last 15 years as an entertainment entity and because the City of Philadelphia and the Commonwealth of Pennsylvania agreed to kick in a significant portion of the money it took to build a new stadium and  because you and you and you promptly agreed not only to pay increased prices at  the new palace but also to buy up every available ticket -- and tens of thousands of you put your names on a waiting  list as well.

The Eagles are bulletproof. The owner  is a billionaire.

You are the reason.

To begrudge him the money is a waste of time and breath. He is a rich guy and he took a rich guy's risk and the thing has worked out in an enormous way. Word was, when Lurie bought the team from Norman Braman for about $195 million, that people laughed behind Lurie's back that he paid too much. Now the thing has quintupled in value and, well, nobody's laughing now.

So, now we know that Lurie and sports owners are wealthy people.

Yawn.

32 comments
Comments  (32)
  • Comment removed.
  • 0 like this / 0 don't   •   Posted 7:43 PM, 03/11/2009
    cheapest billionaire on that list
    jazztafari
  • 0 like this / 0 don't   •   Posted 7:43 PM, 03/11/2009
    Guess it proves you can't but a Super Bowl trophy with a gold standard
    ChekUrFax
  • 0 like this / 0 don't   •   Posted 7:52 PM, 03/11/2009
    Where is the mystery in this? Did you really expect anything different? Eagles fans need to get beyond the 700 level mentality.
    Germantown_Ed
  • 0 like this / 0 don't   •   Posted 7:55 PM, 03/11/2009
    let see overpay for a team with Moms money and watch it grow oh yes and have the city and state build you a new park to use 10 times a year and use all those super box revenues to buy only a few free agents and pocket those millions under the cap every year
    raywright
  • 0 like this / 0 don't   •   Posted 9:33 PM, 03/11/2009
    Thanks for imparting your wisdom on us Rich!
    PhrustratedPhan
  • 0 like this / 0 don't   •   Posted 9:38 PM, 03/11/2009
    I was just doing the math.. If I had a mere $50,000.. my life would be entirely different. And this guy could lose 50 grand in his couch. A billionaire could give 50 grand to a thousand people and still have 950 million left. Think about that.
    bobbyd24
  • 0 like this / 0 don't   •   Posted 9:38 PM, 03/11/2009
    I don't begrudge Laurie the money. He took the risk and made it work. I just wish he didn't begrudge us fans see Dawk retire an Eagle. Laurie signed Dawk to his last contract on the steps of Canton at Reggie's induction. At the time Laurie said Dawk will be inducted in Canton and he will be wearing Eagles green. How does someone who has so financially benefited from Dawk's play on the field, in the hearts of the fans and in a positive physicological impact to the politicians who funded the Linc and the 75 acre Novacare center, not follow through and pay the man who always out played every other contract he signed. It is so shameless.........
    Earl J
  • Comment removed.
  • Comment removed.
  • 0 like this / 0 don't   •   Posted 4:46 AM, 03/12/2009
    Hey Jeff: I need a job. Pay me.
    smithu
  • 0 like this / 0 don't   •   Posted 5:12 AM, 03/12/2009
    It's comical to see someone (aka an online name that rhymes with Bernie and almost starts with Larry) to copy and paste certain statements. Lurie is the curtain in this particular land of Oz - he does what he needs to do and lets the more knowledgable staff succeed or fail. So, focus on the gist (or lack thereof) of this column, which just tells us what most already know...
  • 0 like this / 0 don't   •   Posted 5:59 AM, 03/12/2009
    obviously is not involved in the stock market
    JamesJ
  • 0 like this / 0 don't   •   Posted 7:34 AM, 03/12/2009
    I'm a "Hundredaire" and proud of it!
    Air Force One
  • 0 like this / 0 don't   •   Posted 7:57 AM, 03/12/2009
    His mother took the risk, not him. Her risk finally paid off: before this bumbler stumbled into the NFL, where even Quasi Modi would be unable to lose money (particularly with the aid of the welfare he received when the city and state financed the stadium for him), I believe he was a nobody with a rich mother, just what he is now. By contrast, the real hero and winner is someone like Ed Snider, who made his own way, took his own risk with the NHL and the Flyers in the 70's, followed by being a pioneer in the cable busniess, and then with the new building he personally financed back in the 90s AND, unlike Lurie and his Pool Boy Banner, has been a consistent winner and class act for the over 40 years he has been on the sports scene in Philadelphia. Can you sing, "Fly, Flyers Fly . . . ."
    GoCowboys


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About this blog
Rich Hofmann arrived at the Daily News in 1980 for a job whose status was officially designated as "full-time, temporary." A senior at Penn at the time, he was hired to fill in on the copy desk during a staff illness. The notion of him covering the Eagles or being a columnist did not exist in anyone's imagination. It was supposed to be six weeks and out, but he never left. It is only one of the reasons why so many people have concerns about him as a potential house guest. Rich has blogged the postseasons of the Flyers and Eagles. E-mail Rich at hofmanr@phillynews.com Reach Rich at hofmanr@phillynews.com.

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