The New York Giants, like all NFL teams, can now sell up to 10 percent of their club to private equity firms, something that was prohibited before last year.
Several rumors and stories have been circulated about possible investors in the Giants, most notably groups led by former Giants greats Michael Strahan and Eli Manning. Thus far, nothing concrete has emerged from those proposals.
Now comes another, perhaps more serious, offer from billionaire investor Julia Koch, who recently bought into the NBA’s Brooklyn Nets and the New York Liberty of the WNBA, reports CNBC.
Koch and her family are interested in additional investments in teams, especially in the New York market, according to a person familiar with Koch’s thinking.
The people familiar asked to remain unnamed because they are not authorized to speak to the public on these matters.
Koch and her family have a net worth of $74 billion, according to Forbes.
Both the New York Giants and a representative for Julia Koch declined to comment to CNBC on the matter.
The stake Koch is proposing to buy is said to be around eight percent.
The Giants were recently valued by CNBC at approximately $7.85 billion, placing them as the fourth most-valued franchise in the NFL. The team is currently owned by the Mara and Tisch families, who each hold a 50 percent stake in the franchise.