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Luries likely hoping to avoid McCourt scenario

Eagles owner Lurie salutes fans before the start of the Eagles' NFL preseason football game against the Baltimore Ravens in Philadelphia Reuters

On Wednesday, out of the blue, Eagles owners Jeffrey and Christina Lurie announced that they’ll be divorcing after 20 years of marriage.

As Phil Sheridan of the Philadelphia Inquirer points out, the goal apparently is to prevent the kind of ugliness that resulted in the sale of the L.A. Dodgers.

Of course, former Dodgers owner Frank McCourt didn’t believe that the disintegration of his marriage would force him to dump the asset.  “Speculation about a potential sale of the team is rubbish,” said McCourt’s lawyer, Marshall Grossman, in 2009.  “Frank McCourt is the sole owner.  He has absolutely no intention of selling this team now or ever.”

While the Luries are saying all the right things in the immediate aftermath of the announcement of their decision to part ways, anything other than joint ongoing ownership by a man and woman who used to be married could set the stage for a sale of all or part of the team — unless one of them has the money to buy the other one out.

In the end, there aren’t many options.  They can own the team together, one can buy out the other, or they can sell the team, split up the money, and move on.

Given that former Eagles president Joe Banner is looking for a team to buy, it would be ironic, to say the least, if the Eagles were to become the next team that goes up for sale.  Though that outcome currently should be regarded as highly unlikely, nothing can be ruled out, given the circumstances.

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8 Responses to “Luries likely hoping to avoid McCourt scenario”
  1. astrosfan75956 says: Jul 5, 2012 11:47 PM

    I would love to be in a McCourt scenario. Run a franchise into the ground and still make a ridiculous profit.

  2. thegreatgabbert says: Jul 5, 2012 11:48 PM

    Well, now we know why Christina dismissed Jeff from the household. He can’t salute properly.

  3. satanphoenix says: Jul 6, 2012 12:00 AM

    Me thinks Mr. Banner thought all this out before he quit, It’s not like the D-I-V-O-R-C-E was a big secret in the inner circle

  4. flyerscup2010 says: Jul 6, 2012 1:38 AM

    Aside from continuing joint ownership, the most likely scenario here is Jeff buying out some or all of Christina’s stake in the team. I don’t see the team being sold, and certainly not to Joe Banner.

  5. tebowsafraud says: Jul 6, 2012 3:01 AM

    Given the rate of divorce in this country, I can’t imagine this hasn’t happened before.

  6. drwbrsdmndsnxplntn says: Jul 6, 2012 6:07 AM

    LA Eagles.

  7. eaglesw00t says: Jul 6, 2012 9:23 AM

    flyerscup2010 says:
    Jul 6, 2012 1:38 AM
    Aside from continuing joint ownership, the most likely scenario here is Jeff buying out some or all of Christina’s stake in the team. I don’t see the team being sold, and certainly not to Joe Banner.

    ———————–

    Not likely. Jeff Lurie didnt have the entirety of the money when he bought the team for $300ish back in 94. He would have to fork over north of $500 million dollars (pinky to lips) to buy her out. No chance he has that much money sitting around.

    Lurie may be rich as hell to most of us…but I doubt he has those kind of assets sitting around to share. If he had to pay her that much, it would have to be a loan of some type I expect.

    I hope they can be amiable.

    And no chance one of the most popular teams in the NFL, dating back to 1933, in one of the largest markets in the US ends up in LA.

  8. derekjetersmansion says: Jul 6, 2012 9:27 AM

    @ drwbrsdmndsnxplntn

    If Reid didn’t pan out, that was a distinct possibility. Always rumblings he would move them to LA since he made his money there.

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