A new family reportedly is on the verge of joining the Giants ownership group for the first time in 34 years.
Investor Julia Koch and other members of the billionaire Koch family have agreed to buy a minority stake in the Giants, Bloomberg first reported Wednesday.
The deal is for 10 percent of the franchise at a record valuation of $10 billion, according to Sportico. A sale cannot be finalized until it is presented to other NFL owners at a meeting in October.
The Giants hired a banker in February to sell up to a 10 percent non-controlling stake in the team. The Mara family has maintained ownership rights since Tim Mara — John Mara’s grandfather — founded the team in 1925 but sold 50 percent of the franchise to the Tisch family in 1991.
Koch is the widow of David Koch — the co-owner of energy and chemicals conglomerate Koch Industries and a powerful political donor — and the richest woman in New York City. Her net worth is $74.2 billion per Forbes.
The Koch family, including Julia and David’s three children, purchased a 15 percent stake in BSE Global — the parent company of the Nets, Liberty and Barclays Center for nearly $700 million — in 2024.
The Giants were previously valued at about $10.25 billion, according to Sportico. Only the Cowboys and Rams are estimated to be worth more in the NFL.
The 49ers reportedly agreed to sell 6.2 percent ownership of the franchise when it was valued at $8.6 billion in May.
Former Giants greats Eli Manning and Michael Strahan were part of groups trying to buy into ownership. Manning ended his pursuit because the price became “too expensive,” he told CNBC in July, and Strahan reportedly partnered with billionaire Marc Lasry to make a bid.
John Mara, who doubles as president and CEO, will remain the face of the Giants. The deal, if approved, will provide an influx of cash into the operation.
