New York Giants Explore Sale of Limited Stake Amid Value Surge

NEW YORK, NY — The New York Giants have announced their intention to sell a limited stake in the team, potentially up to 10 percent, in a move that could set a record for NFL franchise valuations. The Mara and Tisch families, who each own 50 percent of the team, confirmed the sale process on Thursday, stating that they have hired Moelis & Co. as their financial advisor.

The Giants’ decision comes in the wake of a recent NFL policy change allowing private equity firms to acquire up to 10 percent ownership in teams. According to the team, “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 in regard to the process.”

John Mara and Steve Tisch have been at the helm of the franchise since their fathers passed away in 2005. The Giants, one of the oldest and most valuable sports franchises due to their decades-long history and the lucrative New York City market, previously saw their current ownership structure established in 1991, when Bob Tisch purchased his stake for approximately $75 million.

Valuations for the Giants are currently estimated at between $7.3 billion and $7.85 billion, according to Forbes and CNBC, respectively. In comparison, the Philadelphia Eagles sold an 8 percent stake last December that valued the franchise at upwards of $8.3 billion. Experts believe the Giants’ unique positioning in New York could push their valuation even higher.

Despite their historical significance, the Giants have struggled on the field in recent seasons, contributing to a decline in fan enthusiasm. The team’s poor performance could pose challenges as they seek potential buyers in an increasingly competitive market.

The vast New York market, home to nearly 19.5 million people, offers significant value compared to other NFL franchises. The Eagles, for instance, draw from a much smaller market of 6.2 million in Philadelphia. Still, the Giants’ recent struggles may require them to adjust their expectations as they navigate this minority stake sale.

The NFL has recently approved three private equity firms to engage in negotiations for limited partnerships within teams. In December, Arctos Partners acquired 10 percent of the San Diego Padres, while Ares Management bought a similar stake in the Miami Dolphins.

As exploratory calls with potential suitors commence, market analysts will be watching closely to see how this sale could reshape the NFL’s club equity landscape, especially following a robust period of sales activity across the league.