Eli Manning Backs Out of Giants Ownership Bid

Eli Manning, the former New York Giants quarterback and two-time Super Bowl MVP, has decided not to pursue a minority ownership stake in the Giants, citing the high cost and potential conflicts with his current roles. Manning noted that a 1% stake in the team, valued at $10 billion, would cost $100 million, which he deems too expensive. Recent franchise sales, such as those involving the Eagles and 49ers, have reinforced these high valuations. The Giants, owned equally by the Mara and Tisch families, are offering up to 10% of the team for sale after the NFL approved private equity investments. Manning also cited conflicts of interest with his broadcasting work and other football-related ventures as reasons for withdrawing. He remains closely involved with the Giants in non-ownership capacities.