NFL
Floyd Mayweather Wants To Buy Stake In The New York Giants
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Get to know Dan Girolamo betterPublished18 Feb 2025
Last week, the New York Giants announced they would put a limited stake in the team on the market. Now, a potential buyer has emerged in boxing legend Floyd Mayweather.
Floyd Mayweather Leads Group To Buy Stake In Giants
Floyd Mayweather Wants to Buy Stake in New York Giants | Click to read more 👇 https://t.co/OGkANojjNy
— TMZ Sports (@TMZ_Sports) February 18, 2025
Per TMZ Sports, Mayweather and his business partner, Meyer Orbach, are putting together an offer to buy a stake in the Giants.
The duo will likely add another investor to the team.
“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that,” Orbach told TMZ.
The Mayweather and Orbach bid is estimated to be around $700 million.
Orbach is no stranger to owning stakes in professional sports teams. The real estate magnate owns around 17% of the Minnesota Timberwolves.
TMZ’s report states Mayweather and Co. plan to submit the offer soon.
Giants Selling Part Of Team
Floyd Mayweather and his business partner Meyer Orbach want to buy a 10% stake in the NY Giants.
Orbach, a real estate mogul, already owns the Timberwolves (~17%).
Told they're looking to put together an offer around $700 million.
Others (perhaps a NYG legend or two) are likely…— michael j. babcock (@mikejbabcock) February 18, 2025
John Mara and Steve Tisch have each controlled 50% of the Giants for their respective families since 2005.
Mara and Tisch are potentially looking to sell up to 10% of the team.
“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 in a statement. “There will be no further comment in regard to the process.”
The Giants were valued at $7.3 billion by CNBC in August 2024.
A sale could set the record for an NFL team’s valuation.
The NFL approved a policy in August allowing private equity firms to buy up to 10% of NFL teams.
Tom Brady recently joined an ownership group that acquired a 10% stake in the Las Vegas Raiders. Brady controls 5% of the portion.
Could Eli Manning be added to Mayweather’s team to sweeten the bid?
Manning told CNBC he would be interested in owning a stake in the New York Giants.
“It’s definitely something of interest,” said Manning. “There’s probably only one team I’d be interested in pursuing, and it’s the one I played for for 16 years, and it’s local, and makes the most sense, but we just got to figure out if they would ever sell a little bit.”
