The Giants are taking steps to sell a part of their 100-year-old franchise.
The Sports Business Journal reported Thursday night that the Giants were looking to sell up to 10 percent of their team. The organization then released a statement, confirming the report.
“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," the statement read. "There will be no further comment in regard to the process.”
As SBJ notes, the NFL allows private equity firms to buy up to 10 percent of teams under a new policy approved by the league and owners last August.
As the Giants' statement points out, the sale will not be for a controlling stake in the team. That means the Giants will remain under the control of the Mara and Tisch families.
Of course, the Mara family has controlled the Giants since the team's founding in 1925. John Mara is the current president of the organization, and his family owns 50 percent of the club. The other half belongs to the Tisch family, who bought their share back in 1991.
This potential sale does not change how the team will run.
Now, the question becomes how much stake the Giants sell and how much will they get. The Philadelphia Eagles sold eight percent of their reported $8.3 billion value in December 2024.
The Giants just completed a 3-14 season in 2024-25 and have the third overall pick in the upcoming NFL Draft.