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nfl The owners have formally approved sales of 10 percent stake in New York Giants to julia coach and his family, Commissioner roger goodell Confirmed on Wednesday.
Team Goodell’s statement at the league’s annual fall owners meeting followed the announcement that the Koch family had acquired a minority, non-controlling interest.
“This will further support the organization’s growth, deepen its community impact and embrace future opportunities,” he added. The Mara and Tisch families remain the controlling owners, with the organization confirming that its leadership structure is unchanged.
John Mara is President and CEO, and Steve Tisch is Executive Vice President and Chairman of the Board.
“It was clear throughout our discussions that Julia and her family understood the importance of this franchise to the Mara and Tish families and our relationship with our fans and the community,” Mara said.
Julia Koch’s widow david cookHe, who died in 2019, has a net worth of $81.2 billion, according to Forbes. He and his family last year bought 15% of BSE Global, which owns the NBA’s Brooklyn Nets and the WNBA’s New York Liberty.
The Giants announced in February that they had hired Moelis & Co. to sell a portion of the team. An agreement was reached in early September but required league approval.
At the time, Bloomberg first reported the Giants deal at a valuation of $10 billion, which would surpass the then-current North American professional record of $6.05 billion paid by Josh Harris Group to buy the Washington Commanders from former owner Dan Snyder in 2023.
“My family and I are honored to join the Giants organization, an iconic franchise with deep roots in New York,” the coach said. “We look forward to supporting the Mara and Tish families in furthering the team’s continued success and appreciate the partnership with two great families.”
The owners also approved the sale of minority stakes in the New England Patriots and San Francisco 49ers, according to a person familiar with the situation. The person spoke to The Associated Press on condition of anonymity Wednesday because the votes had not been announced.