The giants were able to begin the second century, which existed with fresh blood of ownership.
Mara and Tisch's family hired a banker to sell 10% of the team, following the leads of three other NFL franchises.
“Mara and Tish's family are holding Moelis & Company to explore the potential sales of the unattracted shares of the New York giants' minority,” the team said in a statement to the Post. “There are no further comments on the process.”
Moelis called a potential suitor last week, so the process is still in the early stages where there are no books for sale, industry sources told the Post.
The opportunity is expected to attract attention from many billionaires in private equity and hedge funds with ties to New York City, leading to the potential for evaluation of the NFL franchise.
Despite recent struggles, the Giants are located in the country's largest market and have the reputation of eight NFL Championships (four Super Bowls).
Sports Business Journal first reported Availability of minority stocks.
Save wise fans, Giants fans.
This decision is not a response to a protest from annoyed fans to “Sell your team!” For 10 records lost in the last 12 seasons, or towards an airplane carrying banners directed at ownership that flew over the stadium at Gademee late last season.
This corresponds to rules passed by the NFL in August, allowing private equity companies to purchase 10% of the franchise's stake.
The Eagles reportedly sold a total of 8% to two wealthy families in a deal valued at $8.1 billion and $8.3 billion, respectively.
The bill and dolphins completed 10% sales to individual partners in December.
The Giants were recently valued at $7.3 billion by Forbes and $7.3 billion and $7.3 billion on CNBC.
Both sites valued the Eagles in the range of $6.6 billion to $7 billion prior to the sales agreement.
The Giants were founded by Tim Mara in 1925 and celebrated the 100th anniversary season.
In 1991, Bobtish purchased a 50% stake in the club from Maras.
Since the death of partners Wellington Mara and Bob Tish in 2005, the team has been under the control of their sons John Mara and Steve Tish on behalf of their families.
John Mara also serves as the team president, and the club's daily operations will remain the same.
Before the rules amendment in August, NFL teams were allowed to have ownership restriction partners, but they never pooled money from institutional investors.
In theory, Eli Manning was the Giants, just like how Yankees great Derek Jeter once joined the investment group and became the minority owner of the Marlins' baseball business from 2017-22. Opens the door to engage in ownership of the company.
