Sunday, November 23, 2014
Inquirer Daily News

Yawn: Lurie a billionaire

Jeffrey Lurie is a billionaire.

Yawn: Lurie a billionaire

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.

Rich Hofmann Daily News Sports Columnist
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.

Rich Hofmann Daily News Sports Columnist
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