Big Blue View
This is the first report of a potential buyer who is not a former Giant
Another potential investor has emerged as a candidate to purchase a minority share of the New York Giants, per a report from CNBC.
Koch and her family, per Forbes, has a net worth of $7.4 billion.
Per CNBC, Koch owns a 15% stake in BSE Global, the parent company of the NBA’s Brooklyn Nets, WNBA’s New York Liberty, and Barclays Center. That stake is worth $6 billion.
The Giants, co-owned equally by the Mara and Tisch families, were initially said to be interested in selling as much as 10% to a minority partner. The franchise, per CNBC, is worth $7.85 billion, fourth-most in the NFL.
CNBC reported that the potential sale is “fluid,” and that the eventual stake sold by the Giants is “likely to be less than 10%.”
The NFL now allows minority shares in franchises to be sold to private equity firms. Previous reports have indicated that the Giants are focused on selling to a private investor. Giants greats Eli Manning and Michael Strahan have both expressed interest in being part of groups bidding for a stake in the team.
