Up to 10% of the Giants may soon be sold.
The New York Giants are exploring the potential sale of a minority stake in the NFL franchise, the team said in a statement obtained by NFL Media on Thursday night. The team has retained Moelis & Company, an investment bank and strategic adviser, to examine the possibilities around selling a non-controlling stake in the team. This announcement comes in response to an initial report from the Sports Business Journal that reported on the potential sale.
“The Mara and Tisch families have retained Moelis & Company to explore the potential sale of a minority, non-controlling stake in the New York Giants,” the club said in a statement, via NFL.