As the NFL continues to welcome private equity investments in its franchises, many teams are exploring ways to monetize a portion of their operations.

Recently, the New York Giants have embarked on the journey of potentially selling a minority stake in the team.

In confirmation of a report by Ben Fischer from Sports Business Journal, the Giants released a statement late Thursday about this initiative.

According to the team, “The Mara and Tisch families have engaged Moelis & Company to evaluate the possibility of selling a minority, non-controlling stake in the New York Giants. There will be no additional comments on the process.”

Fischer has indicated that the Giants are considering selling as much as 10 percent of their franchise. Various media valuations estimate the team’s worth around $7.5 billion. However, these figures can often misrepresent market realities, as actual sale prices may diverge from book values.

In a similar move last year, the Philadelphia Eagles sold an eight percent stake in two transactions, which valued the team between $8.1 billion and $8.3 billion. Given the current market, the Giants could potentially secure a higher valuation.

It’s important to note that the sale of a minority interest usually commands a lower price than what a controlling stake would fetch, as those without management control typically have less market value.

The Giants have a storied history, founded by Tim Mara in 1925. Since 1991, ownership has been divided between his grandson, John Mara, and Steve Tisch, with various family members retaining small stakes in the franchise.