Giants seeking to sell minority shares on their team: Report
New York Giants According to the Sports Business Journal, they want to sell 10% of their team’s stake.
The Giants issued a statement on Thursday regarding the report.
“Mara and Tish’s family hold Maurice & Company to explore the potential sales of uncontrolled stocks of the New York giant’s minority. There is no further comment on the process,” the statement said. It states. Athletic.
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President and CEO John Mara stands on a side job ahead of his match against the Indianapolis Colts at MetLife Stadium on December 29, 2024. (image)
The Mara and Tish families each own 50% of the franchise.
Tim Mara, the grandfather of current owner John Mara, founded the franchise in 1925 for $500.
Bob Tish, father of current owner Steve Tish, bought half of the Mara family’s team in 1991 for about $75 million.
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A helmet on the sideline of the New York Giants helmet during a match against the Pittsburgh Steelers at Atsisure Stadium. (Charles Leclair/Imagine image)
The Forbes giant’s latest rating comes at $7.3 billion, making it the fourth most valuable franchise in the NFL.
only Dallas Cowboys ($10.1 billion), the Los Angeles Rams ($7.6 billion) and the New England Patriots ($7.3 billion) were highly valued.
The sale of the team will not be much different for the Giants as Mara and Tish families still manage the franchise.
The reason for the team’s sale is unknown, according to the report.
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John Mara, co-owner of the New York Giants, watches a warm-up before a match against the New Orleans Saints at MetLife Stadium. (Brad Penner/Imagn image)
If the Giants receive about 10% of their final Forbe rating, they will be about $700 million from the sale.
The Giants have had the worst record in the NFL over the past eight seasons, but they have played in such a big market and have been successful in the past, so there should be a lot of interest.
The Giants will be 3-14 in 2024 and have a third pick NFL Draft.
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