"The New York Giants have reached an agreement to sell a minority stake-reportedly around 10 percent-to billionaire Julia Koch and members of the Koch family, a move that places the franchise's valuation at approximately $10 billion on a record-setting trajectory for NFL ownership transactions. Although details remain confidential, sources familiar with the matter confirm the transaction is subject to formal agreement and still requires approval from NFL owners, likely during the league's next meeting in October."
"The Koch family already holds a 15 percent equity stake in BSE Global, the entity that manages the Brooklyn Nets, the New York Liberty, and the Barclays Center. With a net worth estimated between $74 billion and over $80 billion, Julia Koch possesses the financial capacity to support a high-value acquisition such as this. The deal reflects a strategic expansion by the Kochs into high-profile professional sports assets in the region."
The New York Giants agreed to sell a roughly 10 percent minority stake to Julia Koch and Koch family members, valuing the franchise near $10 billion. The transaction remains confidential, requires formal agreement, and needs NFL owners' approval likely at the league's October meeting. The Mara family and co-owner Steve Tisch will retain controlling interest, with John Mara continuing as president and CEO. Julia Koch brings capital and existing New York sports investments, including a 15 percent stake in BSE Global. The sale underscores rising NFL franchise valuations driven by media-rights growth and market demand.
Read at stupidDOPE | Est. 2008
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