The Mara and Tisch families, co-owners of the New York Giants since 1991, have decided to “explore the potential” of selling a “non-controlling” minority share of the team not to exceed 10%.
Sports Business Journal reported earlier this week that the Giants had hired investment bank Moelis & Company to help facilitate a potential sale.
The Giants confirmed the news in a statement:
“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. There will be no further comment in regard to the process.