In a significant development for the New York Giants, co-owners John Mara and Steve Tisch have announced their plans to explore the sale of a non-controlling, minority ownership stake in the team. This move comes after the NFL approved the sale of minority shares to private equity firms in August 2024.
The Mara and Tisch families have retained Moelis & Company, an investment bank, to oversee the potential sale. While the exact percentage of the stake being considered has not been disclosed, reports suggest it could be up to 10% of the franchise.
With the New York Giants currently valued at approximately $7.3 billion, this sale could potentially increase the franchise’s value and attract significant interest from investors. The decision to explore the sale is seen as a strategic move to bring in additional capital while retaining overall control of the franchise.
The reason behind the partnership
The Giants’ ownership has been split between the Mara and Tisch families since 1991, with each holding a 50% stake in the team. The announcement has generated considerable interest among fans and analysts alike, as it could provide the Giants with the resources needed to remain competitive in the league.
The additional capital could be used to enhance the team’s operations, invest in player development, and improve facilities. The families have stated that there will be no further comment on the process at this time, leaving many to speculate on the potential impact of the sale.
As the NFL continues to evolve, the potential sale of a minority stake in the Giants highlights the changing landscape of sports ownership and the increasing involvement of private equity in professional sports.
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