Floyd Mayweather is taking a leaf out of Tom Brady’s guide.
Final 12 months, the legendary NFL quarterback and co-investor, Knighthead Capital Administration founder Tom Wagner, paid a reported $244 million complete for a ten % stake within the Las Vegas Raiders.
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Now, boxing icon Floyd Mayweather is reportedly set to throw his identify within the hat for the New York Giants.
Final week, the Giants introduced they might discover a sale of a minority stake within the staff.
In line with experiences from TMZ, ‘Cash’ Mayweather is main a bunch aiming to buy a ten % stake within the staff, which is valued at $7.65 billion.
Mayweather, together with actual property mogul Meyer Orbach, is making ready an enormous supply rumored to be within the $700 million vary.
“Floyd Mayweather and his enterprise associate Meyer Orbach need to purchase a ten % stake within the NY Giants,” TMZ producer Michael J. Babcock posted on X.
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“Orbach, an actual property mogul, already owns the [Minnesota] Timberwolves (~17%). Advised they’re seeking to put collectively a proposal round $700 million. Others (maybe a NYG legend or two) are more likely to be added to the Floyd/Meyer group.”
“My companions and I are at all times totally different alternatives, together with possession of sports activities groups. I can not remark additional than that,” Orbach informed the outlet.
The Giants are owned by John Mara and Steve Tisch, with every having a 50 % stake within the franchise. The staff is among the most worthwhile and common within the NFL.
The Giants’ $7.65 billion valuation is third within the NFL and seventh-most amongst international sports activities groups. Giants legend Eli Manning has additionally expressed curiosity in changing into a minority proprietor within the franchise.
Extra to observe.