New York giants are looking to sell up to 10% of the team, according to Sports Business Journal.
The Giants made a report on the report on Thursday.
“The Mara and Tisch families have kept Moelis & Company to explore the potential sale of a minority and non -controlling participation in the Giants of New York. There will be no comments on the process,” said the press release, according to the Athletic.
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The Chairman and Chief Executive Officer John Mara is on the sidelines before a match against the Indianapolis colts at the Metlife Stadium on December 29, 2024. (Imagn)
Mara and Tisch families each have 50% of the franchise.
Tim Mara, the grandfather of current owner John Mara, created the franchise in 1925 for $ 500.
Bob Tisch, father of the current owner Steve Tisch, bought half of the team from the Mara family in 1991 for around $ 75 million.
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New York Giants are headsets in a match against Pittsburgh Steelers at the Acrisure stadium. (Charles Leclaire / Imagn Images)
The most recent evaluation of Giants from Giants came to $ 7.3 billion, making it the fourth most precious franchise in the 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 the giants because the Mara and Tisch families would still control the franchise.
The reason for the sale of the team is unknown, according to the report.
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The co -owner of the New York Giants, John Mara, looks at the heating up before a match against the New Orleans in the Metlife Stadium. (Brad Penner / Imagn images)
If the Giants received around 10% of their latest Forbes assessment, they would end up with around $ 700 million in the sale.
The giants have the worst NFL record in the past eight seasons, but because they play on such a large market and have succeeded in the past, there should be a lot of interest.
The giants went 3-14 in 2024 and have the choice n ° 3 in the draft of the NFL.
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