"The Koch family is purchasing a 10% stake in the New York Giants at a North American record-setting valuation of $10 billion, as first reported by Bloomberg. The deal is pending approval by the league owners, who are expected to approve it during their upcoming meeting in October. Julia Koch, with her $81.2 billion net worth inherited from her widow, David Koch, is one of the richest women in the world."
"Last year, they bought a 15% stake in BSE Global, the company that owns the NBA's Brooklyn Nets and the WNBA's New York Liberty. Koch Industries is a multinational conglomerate corporation based in Kansas and the second-largest privately held company in the United States. Its benchmark companies include Georgia-Pacific and Guardian Industries. The Mara and Tisch families announced in February that 10% of the Giants were up for sale."
"The Mara family has owned the Giants since their inception in 1925 and agreed to a 50-50 split with the Tisch family in 1991. John Mara and Steve Tisch, the team's current co-owners, have been in control since 2005. Selling this 10% non-controlling stake provides a pretty payday for the two families. The Giants' $10 billion valuation shatters the previous North American record set when Josh Harris' group paid $6.05 billion for the Washington Commanders."
The Koch family is purchasing a 10% stake in the New York Giants at a record $10 billion valuation, pending NFL owners' approval expected in October. Julia Koch, with an $81.2 billion net worth inherited from David Koch, and her family previously bought a 15% stake in BSE Global, owner of the Brooklyn Nets and New York Liberty. Koch Industries is a Kansas-based multinational conglomerate and the second-largest privately held U.S. company, with holdings including Georgia-Pacific and Guardian Industries. The Mara and Tisch families put a 10% non-controlling stake up for sale after the NFL allowed private equity minority investments; the $10 billion price eclipses the prior North American record of $6.05 billion.
Read at www.amny.com
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