The owners of the New York Giants have made the amazing decision to sell part of the team in the midst of fans of fans during their terrible 2024 season.
The Giants went 3-14 last season and fans regularly flew planes over Metlife Stadium and insisted on John Mara and Steve Tisch to 'sell' the team.
In an announcement of the Bombshell on Thursday evening, Mara and Tisch revealed that they are exploring the potential sale of a minority, non-controlling interest in the giants.
It is understood up to 10% of the team can be sold and it will probably set a record for an NFL franchise valuation.
The Giants are appreciated as one of the most valuable sports teams in the world, and the current owners have hired Moelis & Co to supervise any potential transaction.
According to Sports Business Journal, a recent estimate appreciated the Giants franchise between $ 7.3 billion and $ 7.85 billion.
John Mara is investigating a potential sale of an interest of 10% in the giants in New York
Mara owns 50% of the team, next to Steve Tisch (right, shown with Eli Manning)
The Giants are among the most legendary and valuable sports teams in the world
The Giants were founded in 1925 by Mara's grandfather Tim and the family has always had a controlling interest in the team.
Since 1991, the Mara and Tisch families have each had 50% of the franchise, with individual family members who have small interests.
The reason for the decision to put 10% on the market is not yet clear, although it comes with a lot of fan rage after a terrible season.
In August, the NFL approved a policy with which private equity companies can buy up to 10% of a team.
A statement from the Giants has been ringing on Thursday: 'The Mara and Tisch families have retained Moelis & Company to explore the potential sale of a minority, non-controlling interest in the New York Giants. There will be no further comments regarding the process. '
Despite their recent struggles on the field, the Giants are generally considered one of the largest sports teams in the world and they have eight NFL championships -four of which are in the Super Bowl era.
The Giants passed 10 losing seasons in the last 12, and at the end of last season a plane was flown over Metlife Stadium that insisted on it: “Mr Mara enough – PLZ repair this waste container.”
Dissatisfied giant fans flew a banner about Metlife Stadium with this message for the owners
The team last won the Super Bowl in 2012, when Manning was the Quarterback
The decision to sell an interest in the team is not considered a response to fan rage, but neither the Mara nor Tisch families have pronounced with details.
The Super Bowl champion Philadelphia Eagles belong to the teams that have recently taken a similar step and selling a total of 8% of the team to two rich families in deals that appreciated the franchise at $ 8.1 billion and $ 8.3 billion respectively respectively .
In the meantime, the accounts and dolphins also sold 10% to private partners in December, who appreciated them at $ 5.35 billion and $ 8.1 billion respectively.
It is expected that the valuation of the giants would all darken them, although no lovers have yet been identified.
