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New York Giants are for sale: Century-old tradition ends as team announces stake sale

News RoomBy News RoomFebruary 15, 2025No Comments3 Mins Read
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Got a few hundred million dollars to spare? If so, this could be your chance to become an owner of an NFL franchise. One of the league’s most traditional teams, the New York Giants, has decided to put a substantial stake in the team on the market, breaking a century of tradition.

The Giants are one of the few NFL teams that are still family-owned, along with the Pittsburgh Steelers, Arizona Cardinals, and Tampa Bay Buccaneers. Although the team, founded by Wellington Mara in 1925, sold a 50% stake to Bob Tisch in 1991, both families have remained in control of the team.

Now, the Giants’ management will take advantage of a change in NFL regulations that allows teams to obtain financing from institutional investors. Under the new rules, each team can offer a stake of up to 10% to private equity and hedge funds.

How much are the New York Giants worth?

The Giants are one of the oldest and most successful franchises in the NFL. In their 100-year history, the team has won eight championships, four of them in the Super Bowl era. Although their most recent seasons have not been as successful as fans would like, this does not take away from the fact that the team is located in the largest market in the country.

Thus, despite having the third-worst record for the 2025 season, Forbes magazine valued the franchise at $7.3 billion, while CNBC assigned it a net worth of $7.85 billion. Therefore, the team could sell a stake of around $700 million to institutional investors.

For comparison, the recent NFL champion, the Philadelphia Eagles, were valued at up to $7 billion until a few months ago. However, after the team sold an 8% stake to two wealthy families in December 2024, its value jumped to $8.3 million.

Did the fans’ wish come true?

After two consecutive seasons and 10 of the last 12 accumulating losing records, fans were clamoring for the sale of the team. Posters in the stands at games and even airplanes carrying banners asking “sell the team” on game days showed the frustration of the fans.

However, as the team reported in a statement, “The Mara and Tisch families retained Moelis & Company to explore the potential sale of a minority, non-controlling stake in the New York Giants.” This means that things will not change at the team, to the disappointment of thousands of angry fans.

Read the full article here

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