• December 23, 2024

Eagles Have To Pay $8 Mill Debt

The Eagles will have to pay off an $8 million dollar debt to the city for luxury box revenues they earned a Common Pleas Court judge ruled yesterday.

It's a win for Philadelphia Mayor Michael Nutter.

"I'm so pleased that today's favorable court ruling has resolved a key part of this long-standing lawsuit between the city and the Eagles, and I appreciate the hard work on all sides," Mayor Nutter said yesterday in a news release. "I am also hopeful that the judge will rule shortly in the last final phase of the case so that this entire matter can reach a final conclusion."

The final phase of the case he's referred to is a judgement which will be made on the moneys owed to the Eagles by the city because the Birds lost millons when a pre-season against the Baltiimore Ravens was canceled in 1997 because of the poor conditions of the Veterans Stadium field.

Philly.com writes, "Eagles attorney Mathieu J. Shapiro said that Judge Albert W. Sheppard should award the Eagles between $5 million and $8 million for the canceled game, based on arguments put forth by both sides. That means the Eagles should end up paying the city between nothing and $3 million."

If the Eagles attorney is right in his calculations, the Birds will come out of this situation having paid the city anywhere from nothing to $3 million dollars.

GCOBB

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