News Summary
Julia Koch, along with her family, has obtained a 10% minority stake in the New York Giants, valued at $10.3 billion. This agreement, which preserves the current leadership structure, was approved by NFL owners. Historically, the Mara and Tisch families co-owned the Giants equally since 1991, but will now each hold 45% shares. With a legacy dating back to 1925, the Giants are preparing for the celebration of their 100th season in 2024. This move highlights the growing trend of affluent individuals seeking minority ownership in professional sports.
New York – Julia Koch and her family have secured a 10% minority, non-controlling interest in the New York Giants, a deal valued at $10.3 billion. The agreement was officially approved by NFL league owners during a meeting held on October 22.
This minority ownership aims to bolster the growth of the organization, enhance its community impact, and leverage future opportunities. Despite this significant ownership change, the existing leadership structure of the Giants will remain unchanged. John Mara continues to serve as President and CEO, and Steve Tisch remains the Executive Vice President and Chairman of the Board.
Historically, the Mara and Tisch families have co-owned the Giants on a 50-50 basis since 1991. With this new partnership, their shares will now be adjusted to 45% each. The Giants hold a rich legacy, having been founded in 1925 by Tim Mara. Celebrating its 100th season in 2024, the franchise continues to be a pivotal part of the NFL landscape.
The last minority stake sale in the Giants occurred in 1991 when the Tisch family acquired their 50% interest. Julia Koch’s involvement marks a notable entry into professional sports ownership. As the widow of billionaire industrialist David Koch, her personal wealth is estimated at $81.2 billion, according to Forbes listings. Previously, the Koch family has invested in sports, including a 15% stake in BSE Global, the parent company of the Brooklyn Nets and New York Liberty.
Aside from her investments, Julia Koch is active within various organizations, serving on the boards of Koch Inc., Memorial Sloan Kettering Cancer Center, and the Metropolitan Museum of Art. In the backdrop of this ownership change, financial advisory support was provided by Moelis & Co. LLC for the Giants, while Sullivan & Cromwell LLP served as their legal advisor. For Julia Koch and her family, CAA Evolution and Paul, Weiss handled financial and legal advisory services.
This development is part of a growing trend in professional sports of wealthy individuals seeking minority ownership stakes, particularly as team valuations continue to soar in the NFL. John Mara welcomed Julia Koch’s partnership, emphasizing the mutual understanding of the franchise’s significance to both families and the wider community. Meanwhile, Steve Tisch noted that this collaboration would empower the Giants organization to adapt and thrive within the evolving sports landscape.
Deeper Dive: News & Info About This Topic
HERE Resources
New York Jets Present Unique Investment Opportunity
Rosedale Nurseries Recognized in Historic Business Registry
Additional Resources
- NJ Biz
- New York Giants
- ESPN
- The Spun
- ABC News
- Wikipedia: New York Giants
- Google Search: New York Giants ownership
- Google Scholar: New York Giants ownership
- Encyclopedia Britannica: New York Giants
- Google News: New York Giants ownership
Author: STAFF HERE NEW YORK WRITER
The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
