The Koch family, New York billionaires, plan to buy a 10 percent stake in the Giants at a reported valuation of $10 billion for the NFL franchise, multiple media outlets reported.
The deal, first reported by Bloomberg on Wednesday night, requires approval from league owners. They could vote on the issue at their meeting in October.
This valuation is the highest ever for an NFL franchise.
Last month, the Chicago Bears were valued at $8.8 billion when the owners agreed to buy back a small stake in the team, per reports.
The longtime owners of the Giants, the Mara and Tisch families, said in February that they were exploring the sale of a minority share of the team.
Apparently, Julia Koch and her family submitted the winning offer.
She is the widow of David Koch, who built a fortune through his co-ownership of Koch Industries, a diversified company with holdings that include an interest in chemicals, paper products and technology. Julia Koch and her family have a net worth estimated at $81.2 billion, according to Forbes.
This is not their first foray into sports in the Big Apple. In 2024, the Kochs purchased 15 percent of BSE Global, which owns the NBA’s Brooklyn Nets and WNBA’s New York Liberty.
The Maras have owned the Giants since 1925, later going into partnership with the Tisch family.
–Field Level Media
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