The New York Giants are reportedly seeking to sell up to a 10% stake in the team, as stated by Sports Business Journal. In a statement released on Thursday, the Giants confirmed, “The Mara and Tisch families have retained Moelis & Company to explore the potential sale of a minority, non-controlling stake in the New York Giants. There will be no further comment regarding the process.”
The Mara and Tisch families each hold a 50% ownership stake in the franchise. The team was founded in 1925 by Tim Mara, the grandfather of current owner John Mara, for $500. In 1991, Bob Tisch, the father of current owner Steve Tisch, purchased half of the team from the Mara family for approximately $75 million.
According to Forbes, the Giants are valued at $7.3 billion, making them the fourth most valuable franchise in the NFL, following the Dallas Cowboys ($10.1 billion), Los Angeles Rams ($7.6 billion), and New England Patriots ($7.3 billion). The potential sale would not significantly alter the team’s operations, as the Mara and Tisch families would maintain control over the franchise. The reasons behind the decision to sell a minority stake remain unclear.
If the Giants were to sell approximately 10% based on their latest valuation, they could generate around $700 million from the transaction. Despite having the worst record in the NFL over the past eight seasons, the team’s large market presence and historical success are likely to attract considerable interest. The Giants finished the 2024 season with a 3-14 record and hold the No. 3 pick in the upcoming NFL Draft.
