Thursday, March 12, 2009

The gold standard

Eagles fans are going to love this one.

With the nation in the grips of the biggest economic collapse since the Great Depression, and Eagles nation still seething over an increase in ticket prices at the same time the team is watching veteran players such as Brian Dawkins and Tra Thomas head for greener pastures, it is reassuring to know that someone is doing well in this daunting fiscal climate.

Er, maybe not.

There is a new name on Forbes magazine’s list of the world’s richest people.

Eagles owner Jeff Lurie is now a member of the billionaire club. He’s one of 20 new members to make the list. Meanwhile, the tanking economy has knocked 332 people from their vaulted perch. There are now 793 people in that enviable position. Including the owner of the Philadelphia Eagles.

Lurie raised a lot of eyebrows when he paid what looked like a very steep price to buy the franchise from Norman Braman back in 1994. Lurie, who comes from a wealthy Boston family, had up to that point been best known as a Hollywood producer of such middling films as “V.I. Warshawski,” which starred Kathleen Turner. At the time that price tag was the steepest ever ponied up for a pro sports franchise.

The Eagles are now believed to be worth $1.116 billion. Looks like a pretty shrewd investment. Is your 401K showing that kind of growth? Never mind.

Good for Jeff Lurie. I’ll go against the grain here. I’m not going to rant or rave about the Eagles not re-signing Brian Dawkins. I’ve said it before, I’m not sure they didn’t do the right thing, they just handled it in a God-awful way, which is sort of becoming their m.o.

Jeff Lurie has proven himself a good owner. Helped in no small part by a fairly big chunk of public money, he built Lincoln Financial Field. He also built a state-of-the-art training facility in the NovaCare Center. He puts a good product on the field. The Eagles are a perennial playoff contender.

Of course, there is one thing he has not yet done, which the fans are more than willing to remind him at every turn. That would be win a Super Bowl.

Lurie and his right-hand man Joe Banner often talk of their operation in terms of the “gold standard.”

So far as Lurie’s personal wealth is involved, you can make that solid gold.

2 Comments:

Anonymous Anonymous said...

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November 22, 2009 4:54 PM 
Anonymous Anonymous said...

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February 11, 2010 8:32 PM 

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