Giants to sell 10% stake to Koch family, valuing team at about $10B

The New York Giants have reached an agreement to sell a 10 percent noncontrolling stake to Julia Koch and members of the Koch family, multiple people familiar with the matter said this week, a deal that would value the franchise at roughly $10 billion and must be approved by NFL owners before it can be finalized. The proposed sale, first reported Wednesday, follows months of exploratory talks by the Mara and Tisch families, who have controlled the team since its founding.

According to industry reports, the Mara and Tisch families hired Moelis & Co. in February to evaluate a minority sale, and discussions with the Koch family culminated in terms for a roughly 10 percent stake. Sportico and other outlets reported the price would exceed $1 billion for the stake. The agreement is subject to final signoff by both sides and to a vote of the league’s other owners, likely to occur at the owners meeting in October, people familiar with the negotiations said.

If approved, the deal would mark one of the highest valuations for a North American sports franchise and would set a record for a sale of this size in the NFL. Observers noted the figure eclipses the price paid for an NFL team in...