New York Giants owners reveal bombshell plans to SELL stake in team amid fan fury and awful 3-14 season
The owners of the New York Giants have made the stunning decision to sell part of the team amid fans’ fury at their awful 2024 season.
The Giants went 3-14 last season and fans regularly flew planes over MetLife Stadium urging John Mara and Steve Tisch to ‘sell the team’.
In a bombshell announcement on Thursday night, Mara and Tisch revealed they are ‘exploring the potential sale of a minority, non-controlling stake’ in the Giants.
It is understood up to 10% of the team could be sold off, and it is likely to set a record for an NFL franchise valuation.
The Giants are valued as one of the most valuable sports teams in the world, and the current owners have hired Moelis & Co to oversee any potential transaction.
According to Sports Business Journal, a recent estimate valued the Giants franchise between $7.3billion and $7.85billion.
The Giants were founded by Mara’s grandfather Tim back in 1925, and the family have always had a controlling stake in the team.
Since 1991, the Mara and Tisch families have each owned 50% of the franchise, with individual family members holding small stakes.
The reason for the decision to put 10% on the market is not yet clear, though it comes after an awful season with plenty of fan anger.
