Julia Koch Reportedly Seeks Minority Stake in New York Giants
Julia Koch Reportedly Seeks Minority Stake in New York Giants

Julia Koch Reportedly Seeks Minority Stake in New York Giants

News summary

Investor Julia Koch and her family, with a combined net worth of approximately $74 billion, are exploring the acquisition of a minority stake in the New York Giants, valued at around $7.3 to $7.85 billion, marking the fourth-highest valuation among NFL teams. Koch already owns a 15% stake in BSE Global, the parent company of the Brooklyn Nets, New York Liberty, and Barclays Center, which she acquired for about $700 million. The Giants are reportedly considering selling less than 10% to a private investor, with the situation described as fluid and several parties expressing interest. Among potential buyers are former Giants quarterback Eli Manning, who has publicly expressed interest, and a group including former Milwaukee Bucks owner Marc Lasry and former Giants player Michael Strahan. This interest reflects a wider trend in the NFL, where minority stakes in teams have been sold at record valuations following the league's decision to allow private equity investments, highlighted by recent deals involving the Philadelphia Eagles, Miami Dolphins, and San Francisco 49ers. Representatives for both Koch and the Giants have declined to comment, and negotiations continue as the market for NFL team ownership stakes evolves.

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