The New York Giants are reportedly exploring the possibility of selling a minority stake in the franchise, according to a recent report by Sports Business Journal. The team confirmed the news in a statement, indicating that they've enlisted the services of Moelis & Company to manage the process of potentially selling up to a 10% stake. The statement emphasized that the Mara and Tisch families, who currently hold equal ownership of the team, will retain controlling interest.

The Giants franchise has a rich history, dating back to 1925 when Tim Mara, grandfather of current owner John Mara, founded the team. In 1991, Bob Tisch, father of current co-owner Steve Tisch, acquired 50% ownership. Forbes recently valued the Giants at an impressive $7.3 billion, placing them among the NFL's most valuable franchises. This valuation positions them just behind the Dallas Cowboys ($10.1 billion), Los Angeles Rams ($7.6 billion), and tied with the New England Patriots.

While the specific reasons for exploring this sale remain undisclosed, it's been noted that the change in ownership structure won't significantly impact the team's operations, as the Mara and Tisch families will continue to hold the majority stake. Based on the Forbes valuation, a 10% stake could generate approximately $700 million for the Giants. Despite their recent on-field struggles, holding the worst record in the NFL over the past eight seasons, the Giants' large market presence and historical success are expected to draw considerable interest from potential investors. The team currently holds the No. 3 pick in the upcoming NFL Draft.