Strahan, Lasry, Manning Pursue Giants Minority Stakes
Strahan, Lasry, Manning Pursue Giants Minority Stakes

Strahan, Lasry, Manning Pursue Giants Minority Stakes

News summary

Michael Strahan and billionaire Marc Lasry are partnering to bid for up to a 10 percent minority stake in the New York Giants, currently valued at about $7.65 billion. Former Giants quarterback Eli Manning, after preliminary discussions with Strahan, is now preparing a separate bid due to conflicts with his other business interests. The Mara and Tisch families, who own the franchise, have hired Moelis & Co. to manage the sale and are seeking individual or family investors rather than private equity. The transaction will require approval from the NFL's other 31 owners. The move reflects a broader trend of former players and wealthy investors seeking minority stakes as team valuations rise. Similar recent transactions have occurred with several NFL teams, including the Raiders, Bills, Dolphins, and Eagles.

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