Giants’ Minority Stake Draws Bidding Contest Between Michael Strahan and Eli Manning
Former New York Giants teammates Michael Strahan and Eli Manning are now competing to buy a 10-percent stake in the team. Strahan, along with billionaire Marc Lasry, plans to bid $750 million for the ownership stake. Meanwhile, Manning is pursuing his own bid separately. This trend of former players and wealthy individuals teaming up to purchase minority ownership in NFL teams has been growing due to the increasing value of franchises. The Giants are likely seeking market value for the stake they are selling, unlike other teams like the Raiders who have given discounts to former players. Ultimately, the Giants will seek the best deal possible for their ownership stake.
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