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Report: John Mara to Sell Minority Stake in Giants, Setting Projected Record Valuation
New York Giants co-owner John Mara is reportedly looking to sell up to 10% of the team to raise funds, with experts predicting record amounts. The move follows the trend of NFL teams allowing private equity into the league. The Philadelphia Eagles recently sold an 8% stake for over $8 billion each. The Giants, struggling with poor performances in recent seasons, hope the cash infusion will help rebuild the roster and compete for championships. Although the exact reason for seeking investors is unknown, the increasing NFL salary cap and financial opportunities in the league make it an enticing prospect for Mara.
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