Boxing legend Floyd Mayweather is making a serious move into the world of NFL ownership.
The undefeated former champion is leading a group aiming to acquire a 10 percent stake in the New York Giants, with an estimated offer of 700-million-dollars in the works.
A power team looking to enter the NFL
Mayweather has teamed up with real estate mogul Meyer Orbach, a seasoned sports investor who already owns nearly 20 percent of the Minnesota Timberwolves. The duo is reportedly in the process of adding another wealthy backer to strengthen their bid.
Sources reveal that Mayweather has already moved 200-million-dollars into an escrow account as part of the deal’s preparations.
While Orbach confirmed his interest, he kept details to a minimum.
“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that,” Orbach explained.
The Giants, one of the NFL’s most valuable and historic franchises, are currently valued at approximately 7.5 billion dollars, according to Forbes.
With co-owners John Mara and Steve Tisch considering selling part of their stake, the timing could be right for Mayweather’s group to make a move.
Navigating the approval process from existing NFL owners will be key to the success of Mayweather’s bid. However, insiders report that he has already secured letters of support from at least two team owners-an encouraging step in what could be a groundbreaking deal.
If the bid goes through, Mayweather would join an elite group of athletes who have transitioned into professional sports ownership, further expanding his business empire beyond boxing. While the proposal is still in its early stages, the possibility of “Money” Mayweather becoming part-owner of an NFL franchise is already making waves in the sports world.
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