Justin Pugh responds to Giants exploring minority ownership sale

Justin Pugh responds to Giants exploring minority ownership sale

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This week, the New York Giants confirmed they were exploring the idea of selling off as much as 10 percent of the franchise.

This was something that the Giants ownership group, which consists of a 50-50 split between the Mara and Tisch families, would never have considered until recently.

Last year, the NFL voted to allow teams to sell off stakes of their teams to private equity firms in deals up to 10 percent of their valuation.

The Giants were last valued at $7.3 billion by Forbes, the fourth-highest in the NFL behind the Dallas Cowboys ($10.1 billion), Los Angeles Rams ($7.6 billion), and New England Patriots ($7.4 billion).

The Giants’ recent nosedive into the league’s cellar has no real bearing on the team’s value as it’s based on marketplace, stadium deals, branding, and potential revenues.

Former Giants offensive lineman Justin Pugh reminded everyone that the Giants are still one of America’s most recognized and valued sports franchises.

10 percent of the Giants would yield an approximate $730 million cash boon to the Mara and Tisch families without relinquishing any control of the organization. Hard to not explore such an option.



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