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LURIE SELLS OFF COMPANY'S STOCK; SAYS IT WON'T AFFECT EAGLES
Published March 16, 1995
Eagles owner Jeffery Lurie has recently sold $35M worth of stock he owns in Harcourt General Publishing Co., raising questions about his financial situation, according to the PHILADELPHIA DAILY NEWS. Is "Lurie experiencing cash-flow problems that could affect his long-term operation of the franchise or is he simply seizing an opportunity to catch up on the huge debt he incurred with the purchase [of the team] and rising interest rates?" Lurie says the sale has "had no effect on financial decisions related to the football operation" (Kevin Mulligan, PHILADELPHIA DAILY NEWS, 3/15).