NY Giants Explore Selling Minority Stake

The New York Giants, owned by the Mara and Tisch families since 1991, are exploring the sale of a minority, non-controlling stake. They've hired Moelis & Company, an investment bank, to handle the process. This follows a report from the Sports Business Journal suggesting a potential sale of up to 10% of the team.

Key Players:

• Mara and Tisch Families: Current owners.
• Moelis & Company: Investment bank managing the sale.

Reasons for the Sale: While no official reason was given, the NFL recently approved private equity investments of up to 10% in teams. This, combined with other successful minority stake sales in teams like the Miami Dolphins and Buffalo Bills, may have influenced the Giants' decision.

Valuation and Implications: The valuation of the Giants is expected to be significant, potentially exceeding the recent $8.1-$8.3 billion valuation of the Philadelphia Eagles (who sold 8% of their team last year). The sale's success will likely hinge on the final price and the perceived value of the franchise within the lucrative New York City market.

The Giants statement confirmed the exploration of this sale, but no further details were given.