LOS ANGELES, CALIFORNIA - NOVEMBER 21: Floyd Mayweather Jr. attends a basketball game between the Los Angeles Lakers and the Orlando Magic at Crypto.com Arena on November 21, 2024 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images)
Eli Manning, the New York Giants’ legendary quarterback, isn’t the only big name looking to buy a minority stake in the historic franchise.
Floyd Mayweather Jr., the famed boxer, has surfaced as a potential buyer alongside his business partner Meyer Orbach, with an offer for a 10 percent share of the Giants, valued at around $700 million.
“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that,” Orbach, a prominent figure in real estate, said.
Another investor is expected to join the group, and they plan to submit the proposal soon.
Subscribe to our free weekly newsletter!
A week of sports news in your in-box.
We find the sports news you need to know, so you don't have to.
This news comes just days after the Mara and Tisch families hired Moelis & Company, an investment bank, “to explore the potential sale of a minority, non-controlling stake in the New York Giants,” according to a statement from the team.
Moelis reached out to potential suitors earlier this month.
In August 2024, the Giants, fresh off a disappointing 3-14 season, were given a $7.3 billion valuation.
Prior to the news of the sale breaking, Manning—who played for the Giants for 16 seasons and won two Super Bowls—expressed interest in buying a stake in his former team.
“There’s probably only one team I’d be interested in pursuing, and it’s the one I played for 16 years, and it’s local and makes the most sense, but we just got to figure out if they would ever sell a little bit,” he shared back in January.
In August, the NFL began allowing private equity investment, capping ownership at 10 percent for franchises.
In October, Tom Brady, a seven-time Super Bowl champion – six with the New England Patriots and one with the Tampa Bay Buccaneers – was involved in an ownership group’s purchase of a 10 percent stake in the Las Vegas Raiders, with his share totaling five percent.
Aaron Donald could return to the NFL. The possibility has become one of the more…
Paris Saint-Germain captured its second consecutive UEFA Champions League title, further establishing the French club…
The New York Knicks increased their postseason win streak to 13 games after a 105-104…
Former Indy car racer Rick Treadway died Saturday in a motorcycle accident. Treadway was known…
Justin Herbert missed team workouts to support his girlfriend, pop star Madison Beer, on her…
Neymar is expected to miss two to three weeks because of injury, a setback that…