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5d ago

Michael Strahan and Marc Lasry in Advanced Talks for New York Giants Ownership Stake

The Mara and Tisch families are seeking high-net-worth individuals to acquire a non-controlling 10% stake in the $7.65 billion franchise.

Television personality Michael Strahan attends his star unveiling ceremony on the Hollywood Walk of Fame in Los Angeles, California, U.S. January 23, 2023. REUTERS/Mario Anzuoni/File Photo
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Overview

  • Michael Strahan, former Giants star and Pro Football Hall of Famer, has partnered with billionaire Marc Lasry to pursue a minority ownership stake in the team.
  • The Mara and Tisch families, long-time owners of the Giants, are selling up to 10% of the franchise to two or three wealthy individuals, avoiding private equity buyers.
  • Eli Manning, another Giants legend, held preliminary discussions to join the investment group but declined due to conflicts with his other business ventures.
  • Moelis & Co., an investment bank, was retained in February to manage the sale, following the NFL's 2024 rule change allowing non-controlling minority stake transactions.
  • The Giants are valued at $7.65 billion, ranking third in the NFL, with the sale reflecting a broader trend of record franchise valuations and high-profile investor interest.