The Giants, a longstanding pillar of the NFL, are contemplating the divestment of a minority, non-controlling stake in the team. This move, confirmed by the franchise, underscores a strategic shift, although the exact percentage of the potential stake remains unspecified. The Mara and Tisch families, who have long been stewards of the team, have appointed Moelis & Company to guide them through this exploratory phase.
This development follows last year’s NFL policy change, which now permits private equity firms to purchase up to 10% of an NFL team. The current co-owners of the Giants, John Mara and Steve Tisch, each hold a 50% share of the team, continuing a dual-family ownership tradition that dates back to 1925. It was then that Tim Mara, John’s great-grandfather, initially acquired the franchise for a mere $500, laying the foundation for what is now one of the league’s most storied teams.
Despite their rich history and significant financial valuation—Forbes recently estimated the Giants’ worth at $7.3 billion—the team has struggled on the field. Last season, they posted a disappointing 3-14 record, exacerbated by the departure of key player Saquon Barkley to a division rival. Although they have won the Super Bowl four times, with their most recent victory in 2012, the Giants have only achieved playoff appearances twice since then, in 2016 and 2022.
The consideration of selling a minority share comes amid growing frustrations among fans, who have seen the team’s success dwindle in recent years. The pursuit of external investment could potentially introduce new dynamics within the team’s financial and operational strategy.
The exploration of selling a minority stake by the New York Giants highlights a pivotal moment in the team’s history, reflecting both the evolving landscape of NFL ownership and the franchise’s need to adapt strategically.
