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The Guardian - US
The Guardian - US
Sport
Guardian sport

Koch family to buy 10% stake in New York Giants at record $10bn valuation

Giants Julia Koch New York David Koch the New York Giants John Mara Kochs NFL Moelis Co
The Giants had announced in February that they had retained the investment bank Moelis & Co to explore the sale of a non-controlling slice of the franchise.
The Giants had announced in February that they had retained the investment bank Moelis & Co to explore the sale of a non-controlling slice of the franchise. Photograph: Luke Hales/Getty Images

The New York Giants have agreed to sell a minority stake to Julia Koch and her family in a deal that values the storied NFL franchise at more than $10bn, the highest valuation ever for a sports team.

According to multiple reports, the Kochs will pay more than $1bn for a 10% interest in the team. The transaction is expected to be presented to the league’s other owners for approval when they meet in October.

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