The last several years have been a struggle for the New York Giants on the field, including a 3-14 last place finish in the NFC East this season. But now the offseason has begun and the Giants are hoping to change their fortunes and keep up with the Philadelphia Eagles and Washington Commanders, the two NFC finalists this season.
Doing so begins with ownership and new reporting from ESPN on Thursday revealed that the Giants are preparing to sell up to a 10% stake in the team.
If the Giants do sell a stake, it is likely to set a record for the valuation of an NFL franchise. The organization is considered one of the most valuable in the sports world on account of the team's history and the large New York City market, the ESPN report says.
Back in August of last year, the NFL approved a new policy to allow private equity funds to own up to 10% of a team. The new policy already resulted in the sale of 10% stakes being sold in both the Buffalo Bills and the Miami Dolphins back in December.
The Giants have hired Moelis & Company as their banker to explore the potential sale of a stake. The team is currently owned equally by the Mara and Tisch families.
