Despite another disappointing season, the New York giants are looking to expand their ownership group. Mara and TISCH families, who have the giants, confirmed in a statement on Thursday that they explore the possibility of selling the minority share in the team and kept an investment bank to advise the sale.
“The Marais & Company families retained the potential sale of the minority, a non -controlling share in the New York Giants,” the team said in a statement. “There will be no other comment regarding the process.”
Sports Business Magazine Bin Fischer I reported earlier on Thursday that the team was looking to sell up to 10 %. In addition to confirming the class will be a minority share, the team did not confirm the percentage that was expected to be the share.
One of the oldest teams in the league, the giants have been owned by the Mara family since the team was founded by Tim Mara a century ago. The TISCH family bought a 50 % stake in the team in 1991, dividing control between the two families.
The giants are also one of the most valuable teams in the league: starting last summer, currently 7.3 billion dollars, each ForbesWhich makes it the fourth largest valuable team in the American Football Association. If this evaluation still exists when the sale passes, it will cost a 10 % $ 730 million stake.
Even if the sale is done, it is difficult to know if it will have any effect on the basis of disturbing fans. When the team ended the 2024 season, number 3-14, the fans resorted to Airlines aircraft Above Metlife Stadium in an attempt to get the main owner John Mara to treat What is called one banner “garbage fire”.
