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2mo ago

Eli Manning Withdraws Bid for Minority Stake in New York Giants

He said a $10 billion valuation was unaffordable with conflicts between ownership, his ESPN broadcasting role, coaching duties.

Aug 4, 2024; Bronx, New York, USA; New York Giants former quarterback Eli Manning prepares to throw out the first pitch before the game between the New York Yankees and the Toronto Blue Jays at Yankee Stadium. Mandatory Credit: Vincent Carchietta-USA TODAY Sports/File Photo
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Overview

  • The former quarterback withdrew his pursuit of a minority stake in the team.
  • He said a $10 billion valuation put a 1 percent share beyond his financial reach.
  • Manning also cited conflicts between potential ownership, his ESPN broadcasting role and his Pro Bowl coaching duties.
  • The Mara and Tisch families have enlisted Moelis & Company to explore selling up to a 10 percent noncontrolling stake in the franchise.
  • Other bids under review include a partnership between Michael Strahan and Marc Lasry and an offer from Julia Koch.