It came to the public knowledge recently that John Mara, grandson of team founder Tim Mara, and Steve Tisch, owners of the New York Giants, have expressed interest in selling part of their stake in the NFL team.
In the latest development, Boxing legend, Floyd Mayweather has registered his interest in acquiring a 10% stake in the New York Giants.
The 47-year-old former professional boxer and promoter, Mayweather, alongside his renowned real estate magnate, Meyer Orbach, are working out modalities to credit another incredible investment to their name.
Not only have they expressed interest, but they have also reportedly made a significant move that buttresses their readiness.
There are speculations that the duo would offer around $700 million to become co-owners of the New York Giants. According to TMZ, TBE has already moved $200 million into an escrow account.
“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that,” Orbach remarked on Tuesday.
When it comes to acquiring a pro sports franchise, Meyer is not a novice as he owns over 20% of the Minnesota Timberwolves.
