Giants Country

Giants Looking to Sell Up to 10% Ownership Stake in Franchise

The New York Giants could soon have at least one new ownership party added to the franchise's current two-party system.

Patricia Traina

Sep 8, 2013; Arlington, TX, USA; New York Giants president John K. Mara (left) and executive vice president Steve Tisch before the game against the Dallas Cowboys at AT&T Stadium.
Sep 8, 2013; Arlington, TX, USA; New York Giants president John K. Mara (left) and executive vice president Steve Tisch before the game against the Dallas Cowboys at AT&T Stadium. / Matthew Emmons-Imagn Images
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Could the New York Giants have a new owner joining their current ownership group?

According to Ben Fischer of Sports Business Journal, the team’s ownership, led by John Mara and Steve Tisch, is looking to sell up to 10 percent of the team and has hired Moelis & Co. as its banker.

"The Mara and Tisch families have retained Moelis & Company to explore the potential sake of a minority, non-controlling stake in the New York Giants," said a team spokesperson via a statement, adding, "There will be no further comment in regard to the process."

Currently, the team’s ownership is split 50-50 between the Mara family, which founded the franchise in 1925, and the Tisch family, which acquired its half in 1991. 

Since Wellington Mara and Bob Tisch passed away in 2005, the team has been controlled by John Mara and Steve Tisch on behalf of their respective families. The team's current ownership will not sell a majority stake in the club or cede control.

Since the NFL approved private equity firms to buy up to 10% of teams, a handful of teams, such as the Eagles, Bills, and Dolphins, have sold minority ownership stakes.

Forbes publishes an annual list of the most valuable sports franchises. The Giants franchise, as of last August, when the list was published, has an estimated worth of $7.3 billion.

Interestingly, retired Giants quarterback Eli Manning, in an interview last month with CNBC, expressed an interest in owning a minority share of the Giants if the opportunity were to become available.

“It’s definitely something of interest,” Manning told Alex Sherman of CNBC. “There’s probably only one team I’d be interested in pursuing, and it’s the one I played for for 16 years, and it’s local and makes the most sense, but we just got to figure out if they would ever sell a little bit or how that might happen for the Giants.”

If Manning were to emerge as the Giants minority owner, he would follow in the footsteps of retired Patriots legend Tom Brady, whose purchase of a small share in the Las Vegas Raiders was approved.

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Patricia Traina
PATRICIA TRAINA

Patricia Traina has covered the New York Giants for 30+ seasons, and her work has appeared in multiple media outlets, including The Athletic, Forbes, Bleacher Report, and the Sports Illustrated media group. As a credentialed New York Giants press corps member, Patricia has also covered five Super Bowls (three featuring the Giants), the annual NFL draft, and the NFL Scouting Combine. She is the author of The Big 50: The Men and Moments that Made the New York Giants. In addition to her work with New York Giants On SI, Patricia hosts the Locked On Giants podcast. Patricia is also a member of the Pro Football Writers of America and the Football Writers Association of America.

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