Giants Owners Make Major Announcement on Team's Future

On Thursday, news broke that gave the New York faithful an (albeit small) sliver of hope.

The Giants made a major announcement regarding a potential sale of a fraction of the team.

New York released the following statement via Mike Garafolo.

"The Mara and Tisch families have retained Moelis & Company to explore the potential sale of a minority, non-controlling stake in the New York Giants," the team said. "There will be no further comment in regard to the process."

The Giants are looking to sell up to 10 percent of the organization. Notably, private equity firms were given the green light to purchase ownership stakes in August, and teams have already begun the said process. The Buffalo Bills and Miami Dolphins have already obliged, and it’s possible New York is next.

As one of the most valuable sports franchises in the world, the Giants benefit from the massive market that is the Big Apple but also a storied past, international recognition, and a revolving door of marketable stars like Odell Beckham Jr., Saquon Barkley, and (soon) Malik Nabers.

A recent sale that’s been used as a point of comparison for the Giants is the Philadelphia Eagles, who sold eight percent of the franchise and ultimately saw the team’s valuation surpass $8 billion.

Perhaps, the Eagles’ success – winning two Super Bowls and appearing in another since the Giants’ last championship – gives them a financial edge. Forbes, though, projects New York to be worth approximately $7.5 billion, setting the bar for what could be seen as a successful valuation.

To the ire of Giants fans, this move is far more consequential for Mara and Tisch than for the future of the franchise. 

Mara has shown no inclination to step away from his duties, meaning the same man remains in power, hanging the fates of head coach Brian Daboll, general manager Joe Schoen, and a rabid fanbase in the balance of his whims.