Eli Manning Decides Against Buying Minority Stake in New York Giants Due to Exorbitant Prices

Former New York Giants quarterback Eli Manning has decided against buying a minority stake in the team due to exorbitant prices. The Giants are valued at $7.85 billion, ranking fourth in the NFL. Manning cites the $10 billion valuation for a 1% stake as a deterrent, amidst rising team valuations and recent sales.

The Mara and Tisch families, who jointly own the Giants, have hired Moelis & Company to explore selling a minority stake. Interest in NFL ownership has surged, with private equity firms now able to invest up to 10% in teams. Investor Julia Koch and former Giants player Michael Strahan are among those eyeing a stake.

Despite not investing in the Giants, Manning remains involved with the team, providing advice to rookies. He also owns stakes in Gotham FC and TGL’s New York golf team. Manning’s decision not to invest came from concerns about potential conflicts of interest with his other roles, including his ESPN ManningCast hosting duties.

Read more at CNBC: Eli Manning not interested in ownership bid