In a surprising twist to the New York Giants’ search for new ownership, former teammates Eli Manning and Michael Strahan are both vying for a minority stake in the franchise. The Giants, currently valued at approximately $7.65 billion, are exploring the sale of up to 10% of the team, following the NFL’s approval of private equity investments in 2024 .

Strahan’s Bid

Michael Strahan, a Hall of Fame defensive end and current media personality, has partnered with billionaire Marc Lasry to pursue a 10% stake in the Giants. Strahan, who spent his entire 15-season NFL career with the Giants, is eager to return to the team in a new capacity .

Manning’s Withdrawal and New Group

Initially, Manning expressed interest in joining Strahan’s group. However, due to conflicts with his other business ventures, he withdrew and is now forming his own investment group to bid for a stake in the team . Manning, a two-time Super Bowl MVP, has a net worth estimated at $160 million and has been involved in various business ventures post-retirement

A Competitive Landscape

The race for a minority stake in the Giants is heating up, with both Strahan and Manning bringing significant financial resources and personal ties to the team. Strahan’s partnership with Lasry and Manning’s formation of a new investment group signal a competitive bidding process ahead. The Mara and Tisch families, who have owned the Giants since 1925, are seeking qualified individual or family investors, excluding private equity firms, for the sale .

Conclusion

As the Giants move forward with the sale of a minority stake, the involvement of former legends like Strahan and Manning underscores the deep connection these individuals have with the team. Their bids reflect not only financial interest but also a desire to remain integral parts of the franchise’s future. The coming months will reveal which of these former stars secures a place in the Giants’ ownership circle.