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3mo ago

Michael Strahan and Marc Lasry Lead Bid for Minority Stake in New York Giants

The Mara and Tisch families are exploring the sale of a 10% non-controlling stake in the $7.65 billion franchise, with Strahan and Lasry emerging as key contenders.

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

  • Former Giants star Michael Strahan has partnered with billionaire Marc Lasry to pursue a 10% minority stake in the New York Giants.
  • The Mara and Tisch families, who co-own the team, hired Moelis & Co. in February to facilitate the sale of the non-controlling stake to wealthy individuals or families, avoiding private equity firms.
  • Eli Manning, another Giants legend, held preliminary talks about joining the investment group but withdrew due to conflicts with his other business ventures.
  • The Giants are valued at $7.65 billion, ranking third in the NFL, with the potential stake expected to attract significant interest from high-net-worth investors.
  • Strahan, a Hall of Fame defensive end and media personality, and Lasry, a seasoned sports investor, are considered leading candidates in the ongoing vetting process.