The New York Giants are considering the sale of a minority stake in the franchise. The Mara and Tisch families have retained Moelis & Company for this purpose. The decision follows recent NFL approvals for private equity investments in franchises, although specific reasons for the sale have not been disclosed.
The New York Giants are contemplating a potential sale of a minority stake in the franchise, which is one of the oldest in the NFL. According to a statement released by the club, the Mara and Tisch families have engaged Moelis & Company to assist in exploring this opportunity. The statement noted that no further comments would be provided regarding the sale process.
The Giants, founded in 1925 by Tim Mara, have been partially owned by the Mara family since their establishment. Ownership has been equally divided between the Mara and Tisch families since 1991, each holding a 50% stake in the franchise. However, the specific reasons for considering a minority stake sale were not disclosed by the team.
In August 2024, the NFL approved a resolution permitting private equity funds to acquire stakes in teams, which has led to recent minority sales involving the Miami Dolphins and Buffalo Bills. Moelis & Company, the investment bank appointed by the Giants, will facilitate this potential sale, leveraging their expertise as strategic advisors.
In summary, the New York Giants’ ownership is actively exploring the option of selling a minority stake in the franchise, utilizing the services of Moelis & Company. This decision aligns with recent NFL changes allowing private equity investments, reflecting broader trends in franchise ownership. While the specific motivations remain undisclosed, this move indicates a potential shift in the ownership dynamics of the Giants.
Original Source: www.nfl.com
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