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Giants Stake Sale May Set New NFL Team Valuation Record
SportsGrid
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4 months ago
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Sports
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00:00
Meanwhile, the New York Giants are selling a 10% stake of the team to the Koch family,
00:05
with Bloomberg reporting it would value the Giants at $10 billion.
00:08
That would surpass the record of $6 billion that Josh Harris paid to buy the Washington Commanders back in 2023.
00:15
The deal would still need to be approved by league owners, likely during their next meeting in October.
00:20
The Mara and the Tisch families have owned the Giants since its founding in 1925.
00:25
They still, Darrell, would stay the majority owners of the team.
00:28
Yeah, I think that the big question on everyone's mind is if the Giants, who aren't very good right now,
00:34
let's just put it, but how it is, if they're going for $10 billion, right, their valuation is $10 billion,
00:40
how much would that valuation be for the Dallas Cowboys?
00:43
Right, right, true, which, by the way, there's been a lot of reported valuations of the Cowboys,
00:47
maybe $10 to $12 billion, which I think, if anything, shows you you can't take those valuations
00:52
from a lot of other websites and places at face value,
00:55
given the fact that a lot of those sites had pegged the Giants at being less than $10 billion.
01:01
But, if anything, the Mara family and the Tisch family, when they bought the team,
01:05
I think it was like $500 back in 1920.
01:07
So, 100 years later, that $500 investment is now worth $10 billion,
01:13
which is just crazy to think about.
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