AliDropship is the best solution for dropshipping

The New York Giants may be entering a new chapter as they contemplate a change in ownership dynamics.

The Mara and Tisch families have enlisted the financial expertise of Moelis & Company to facilitate the sale of up to a 10 percent minority stake in the franchise, following a trend set by several other NFL teams, as confirmed by The Post.

In a statement to The Post, the team mentioned, “The Mara and Tisch families have retained Moelis & Company to explore the possibility of selling a minority, non-controlling interest in the New York Giants. We will not provide further comments on this process.”

Sources indicate that Moelis began reaching out to potential investors last week, signaling that they are in the initial phases of the sale, with no formal sales documents prepared as of yet.

New York Giants owner John Mara speaks to the press at the team’s training facility in East Rutherford, NJ. Charles Wenzelberg / New York Post

This opportunity is likely to attract substantial interest from billionaires involved in private equity and hedge funds, especially those affiliated with New York City, which could lead to a record-high valuation for the franchise.

Despite facing challenges on the field, the Giants are situated in the nation’s largest market and possess a rich legacy with eight NFL championships, including four Super Bowl titles.

The Sports Business Journal was the first to report the potential availability of this minority ownership stake.

Giants fans, please save your commentary—this move is not a direct response to the frustrated calls for ownership to “Sell the team!” stemming from a decade of underwhelming performance or the banner-carrying planes that flew over the stadium during games late last season.

Giants owner John Mara on the field ahead of the first quarter during a game against the Indianapolis Colts in East Rutherford, NJ. Bill Kostroun/New York Post

Rather, this decision aligns with a new NFL rule established in August that allows private equity firms to obtain up to a 10 percent stake in franchises.

The Philadelphia Eagles reportedly sold an 8 percent share to two affluent families, valuing their franchise at $8.1 billion and $8.3 billion, respectively.

The Buffalo Bills and Miami Dolphins also completed 10 percent sales to private investors in December.

Current valuations place the Giants at approximately $7.3 billion according to Forbes and $7.85 billion per CNBC, while the Eagles were valued lower, around $6.6 billion to $7 billion before their transactions.

Founded in 1925 by Tim Mara, the Giants recently celebrated their 100th anniversary season.

Joe Schoen and Co-Owner Steve Tisch walk onto the field during pre-game warm-ups for a 2023 match. Charles Wenzelberg / New York Post

In 1991, Bob Tisch acquired a 50 percent stake in the team from the Mara family.

Since the passing of partners Wellington Mara and Bob Tisch in 2005, control of the team has rested with their sons, John Mara and Steve Tisch, representing their families’ interests.

John Mara serves as president of the team, and day-to-day operations will remain unchanged.

Before the changes in August, NFL teams could have limited partners but were not permitted to pool funds from institutional investors.

This new rule opens possibilities for former Giants quarterback Eli Manning to potentially become involved in ownership, similar to how baseball legend Derek Jeter joined an investment group and became a minority owner with operational control of the Miami Marlins from 2017 to 2022.

Source link

Sell anywhere with AliDropship