New York Giants only want to sell limited participation to team

The New York Giants put a limited part of the team on the market, they said on Thursday evening. The process will probably set a record for an NFL franchise assessment.

The giants examine the opportunity to sell up to 10% of the team.

The mara and table families each have 50% of the giants. John Mara and Steve Tisch have been in control of the organization on behalf of their families since the death of their fathers in 2005.

The Giants, which is considered one of the most valuable sports teams in the world due to their history and the New York market, have hired Moelis & Co. as their banker.

“The families of Mara and Tisch have kept Moelis & Company to examine the potential sale of a minority to examine the non -controlling participation in the New York Giants,” said the team in a statement. “There will be no further comment on the process.”

Bob Tisch, Steve’s father, bought 50% of Giants in 1991 for about 75 million US dollars. Tim Mara, John’s grandfather, founded the team in 1925 for 500 US dollars.

Although the reason for the research of a limited partner is not known, timing, after the NFL approved a policy in August, can be bought in the private equity company up to 10% of the teams.

Forbes’ latest evaluation of the Giants was 7.3 billion US dollars, while CNBC recorded it with 7.85 billion US dollars.

For a recent comparison, the newly shaped Super Bowl Champion Philadelphia Eagles was 6.6 billion US dollars (Forbes) to 7 billion US dollars (CNBC). In December, the Eagles sold in separate transactions, which the franchise company evaluated with $ 8.1 billion or $ 8.3 billion. Jeffrey Lurie, owner of Philadelphia, still controls 85% of the team as part of sales.

The Eagles are now at the top of the professional football world, while the Giants were among the worst teams in the NFL in the last seasons.

In December, three private equity companies received the NFL permission to complete business to acquire limited partnerships in teams. Arctos Partners bought 10% of Buffalo Bills, and ARES management bought a 10% share in Miami Dolphins and related assets.

The invoices were rated 5.35 billion US dollars by CNBC before the sale, and the dolphins were rated at $ 8.1 billion.

Jordan Raanan von ESPN and the media at the field level contributed to this report.