Koch Family Acquires Stake in New York Giants
The Koch family has reached an agreement to acquire a 10% stake in the New York Giants, according to reports.
The agreement, initially reported, is subject to the approval of the league owners, which could occur at their next meeting in October.
The team’s valuation is estimated at $10 billion, surpassing the previous record of $6.05 billion paid by Josh Harris’ group to buy the Washington Commanders in 2023.
In February, the Mara and Tisch families announced their intention to explore the sale of a minority and non-controlling interest in the team. To this end, they hired Moelis & Co. as their financial advisor.
Julia Koch, widow of David Koch, who passed away in 2019, has a net worth of $81.2 billion, according to Forbes. Last year, she and her family acquired 15% of BSE Global, the company that owns the Brooklyn Nets and the New York Liberty.
A Koch spokesperson did not comment when contacted by email.
The Mara family has owned the football franchise since its founding in 1925. John Mara is the chairman and chief executive officer, and his family along with the Tisch family will remain the majority owners.
