The New York Giants have agreed to sell a minority stake in the team to billionaire socialite Julia Koch and other members of the Koch family, according to reports.
Koch, who was listed as the richest woman in the world when she inherited her husband David’s fortune following his death in 2019, has a net worth of $82billion, per Forbes.
And Bloomberg are reporting that the sale of a minority, non-controlling stake in the NFL team has been agreed, subject to final agreements from both sides.
The deal will be presented to other NFL owners in October before Koch takes the stake in the team from John Mara and Steve Tisch.
As previously reported by the Daily Mail, the two ruling families retained Moelis & Co. to explore a potential sale of the team in February, shortly after an awful 3-14 season in 2024.
At the time, it was reported that they were looking to sell off 10% of the team, which is valued between $7.3billion and $7.85billion, but no specific figures of Koch’s purchase have been revealed yet.
Julia Koch, pictured with her husband David who died in 2019, is buying a stake in the Giants
Russell Wilson is expected to start the season as QB1 for the struggling NFL franchise
John Mara revealed in Feb that he was exploring a potential sale of a 10% stake in the team
It would not be Koch’s first foray into New York sports teams, after she and her three children purchased 15% of BSE Global – the parent company of the Brooklyn Nets, New York Liberty and Barclays Center – in 2024 at a $6bn valuation.
The Giants were founded by Mara’s grandfather Tim back in 1925, and the family have always had a controlling stake in the team.
Since 1991, the Mara and Tisch families have each owned 50% of the franchise, with individual family members holding small stakes.
Back in August of last year, the NFL approved a policy that allows private equity firms to buy up to 10% of a team.
Disgruntled Giants fans flew a banner over MetLife stadium with this message for the owners
Julia Koch is pictured (left)alongside her daughter Mary Julia and her son David Jr last summer
Despite their recent struggles on the field, the Giants are widely considered to be one of the biggest sports teams in the world, and have eight NFL championships – four of which in the Super Bowl era.
The Giants have endured 10 losing seasons in the last 12, and late last season a plane was flown over MetLife Stadium which urged: ‘Mr Mara enough – plz fix this dumpster fire.’
Going into this season, the team is expected to be one of the worst in the NFL but it has rejuvenated its quarterback room, bringing in Russell Wilson, Jameis Winston and Jaxson Dart.
The Giants open this season at the Washington Commanders on Sunday at 1pm ET.
