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NFL approves sale of 8 percent of Eagles at $8.3 billion valuation

The Eagles are among the teams who have received league approval for a sale of limited interest in the club on Wednesday.

According to multiple reports, the NFL approved the sale of eight percent of the team during league meetings on Wednesday. The percentage will be split between two family investment groups and current Eagles owner Jeffrey Lurie retains sole control of the team.

The deal gives the Eagles a valuation of $8.3 billion and Lurie will receive hundreds of millions for selling some of his share of the franchise.

NFL owners voted to approve private equity investment into teams over the summer. The Eagles did not go that route, but sales of portions of the Bills and Dolphins that were approved on Wednesday do include private equity funds.