The National Football League has approved the sale of a minority stake in the Philadelphia Eagles to two family investment groups. The deal is for an 11% stake in the team and values the Eagles at $8.3 billion, according to a league source. According to CNBC’s Official NFL Team Valuations in September, the Philadelphia Eagles were the ninth most valuable team at $7 billion. The latest sale illustrates the meteoric rise of sports team values, which have been exceptionally strong for the NFL. Lurie first announced the potential sale of a minority stake in the team in June after the league voted to approve private equity investment.

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Persons: Jeffrey Lurie, Susan Kim, Zack Peskowitz, Olivia Peskowitz Suter, Ed Peskowitz, Lurie Organizations: National Football League, Philadelphia Eagles, NFL, CNBC’s Official NFL, CNBC, Eagles, Amkor Technology, United Communications Group, Atlanta Hawks, NFC Locations: Dallas