US EditionEli Manning Backs Out of Bid for New York Giants Ownership Stake Citing Cost, Conflict of Interest
NEW YORK, JUL 9 – Eli Manning cited NFL team valuations above $7 billion and conflicts with his ESPN role as reasons for dropping his bid to buy a 10% stake in the Giants, sources said.
- In December, Eli Manning announced he’s no longer interested in buying a Giants stake, citing that a 1% share valued at $10 billion is 'too expensive for me.'
- Earlier this month, NFL team valuations surged, prompting the Giants to explore selling up to 10% at a $7.5 billion valuation amid league-wide price increases.
- Analysis shows the Giants generated $723 million revenue and $185 million EBITDA, explaining why a 1% stake is valued at $10 billion.
- Giants will continue seeking minority buyers, while Manning focuses on other investments and remains involved in team activities.
- Eli Manning withdrew from a Giants ownership bid due to soaring valuations and potential conflicts, as NFL team values continue to reach record heights like the $8.3 billion Eagles stake.
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Eli Manning Announces Decision On The New York Giants
Eli Manning's Advice For Arch Manning (0:21) As the face of the New York Giants for the better part of two decades, Eli Manning's name was one of the first to come up when it was announced that the G-Men were looking to sell a 10% ownership stake.And while the two-time Super Bowl champ has done well for himself in his post-football life, that offer seems to be too rich for Eli's blood and ultimately more trouble than its worth."Basically, it's t…
·Los Angeles, United States
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Leaning Left4Leaning Right2Center7Last UpdatedBias Distribution54% Center
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