AND New York Giants They want to sell up to 10% of the team’s share, according to Sports Business Journal.
Giants posted a report on Thursday.
“The Mara and Tisch families have retained Moelis & Company to investigate the potential sale of minorities, non-controlling stakes in New York giants. There will be no further comment on the procedure,” the statement said in Athletic.
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President and CEO John Mara stands on the side before the game against Indianapolis Colts at Metlife Stadium on December 29, 2024. (Imagine)
Mara and Tisch families have 50% franchise.
Tim Mara, the current grandfather of owner John Mara, founded the franchise in 1925 for $ 500.
Bob Tisch, father of the current owner Steve Tisch, bought half a team from the Mara family 1991 for about $ 75 million.
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New York Giants helmet aside during a game against Pittsburgh Steeler during the African stadium. (Charles Leclaire/Imagings Images)
Forbes’s latest estimate of Giants was $ 7.3 billion, making him the fourth most respected franchise in NFL.
Only Dallas cowboys ($ 10.1 billion), Los Angeles Rams ($ 7.6 billion) and New England Patriots ($ 7.3 billion) had higher values.
The sale of the team would not change much for Giants because the Mara and Tisch families would still control the franchise.
The reason for the sale of the team is unknown, the report states.
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The New York Giants co -owner John Mara watches Warmaps before the game against New Orleans Saints at Metlife Stadium. (Brad Penner/Imagins Images)
If the Giants received approximately 10% of their last Forbes estimate, they would end up with about $ 700 million from sales.
The Giants have the worst record in the NFL for the last eight seasons, but because they play in such a big market and have been successful in the past, there should be a lot of interest.
Giants have passed 3-14 in 2024 and have number 3 in Nfl draft.
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