New York Giants ownership is examining a potential sale of minority proprietorship in the franchise, one of the oldest in the NFL.
"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 obtained by NFL Network Insider Mike Garafolo on Thursday night. "There will be no further comment in regard to the process."
The statement was in response to an initial report by the Sports Business Journal.
Founded in 1925 by Tim Mara, the Giants have been owned, in part, by the Mara family since their inception and, since 1991, have been split by 50% ownership stakes for the Mara and Tisch families.
The reasoning behind the potential minority stock sale was not announced.
In August of 2024, NFL voters approved a measure to allow private equity funds to buy stakes in franchises.
The Miami Dolphins and Buffalo Bills have since completed minority sales.
Moelis & Company, which has been hired by the Giants, is an investment bank and strategic advisor.
