Franchises

LURIE SELLS OFF COMPANY'S STOCK; SAYS IT WON'T AFFECT EAGLES

3.16.1995

     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).

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