The New York Giants says it has a limited stake in the team in the market, saying that it is expected to set a record of NFL franchise evaluation on Thursday night.
Giants are investigating the possibility of selling up to 10%of the team.
Mara and TISCH families each own 50%of the giant. John Mara and Steve Tisch have been controlling their organizations on behalf of their families since their father died in 2005.
Giants, which are considered one of the world’s most valuable sports teams because of their history and New York market, have hired Moelis & Co. as a banker.
“Mara and TISCH families have maintained Moelis & Company to explore potential sales of a small number of non -control stake in New York Giants.” “There will be no further opinion regarding the process.”
BOB TISCH, Steve’s father, bought 50%of the Giants for about $ 75 million in 1991. John’s grandfather, Tim Mara, founded the team for $ 500 in 1925.
The reason for exploring the limited partner is not known, but after the NFL approves the policy in August, the private equity company can buy up to 10%of the team.
Forbes’ most recent Giants evaluated $ 7.3 billion and CNBC reached $ 7.8 billion.
The new Super Bowl champion Philadelphia Eagles, which was newly reported for recent comparison, was worth from $ 6.6 billion (Forbes) to $ 7 billion (CNBC). In December, EAGLES sold two families of 8%in a separate transaction that valued the franchise at $ 8.1 billion and $ 8.3 billion, respectively. Zeffrey Lurie, the owner of Philadelphia, still controls 85%of the team according to sales conditions.
Eagles is now at the top of the world of professional football, and Giants have been one of the worst teams of NFL in recent season.
Three private equity companies were approved in NFL in December and made a deal to acquire limited partnerships from the team. ArctOS partner purchased 10% of the buffalo bill, and Arres Management purchased Miami Dolphins and 10% of related assets.
The bill reached $ 53.5 billion before it was sold by CNBC and the dolphin was $ 8.1 billion.
ESPN’s Jordan Raanan and Field Level Media contributed to this report.
