Billionaire investor Julia Koch eyes stake in NY Giants: report
Investor Julia Koch is interested in acquiring a minority stake in the New York Giants, according to a report.
Koch – the widow of David Koch and New York City's richest woman – and her family last year took a 15% stake for nearly $700 million in Brooklyn Nets owner BSE Global, The Post exclusively reported.
The firm also owns the WNBA's New York Liberty and Barclays Center.
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3 Julia Koch at BCNY's annual luncheon in April.
Patrick McMullan via Getty Images
Now Koch and her family, who boast a $74.2 billion net worth per Forbes, are looking into investments in other teams, especially those in the New York market like the Giants, a source told CNBC.
Representatives for Koch and the New York Giants did not immediately respond to The Post's requests for comment.
The deal is still in flux, with several possible investors being floated for a stake likely less than 10%, sources told CNBC.
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One possible contender is Eli Manning, the team's former quarterback for 16 seasons, who said earlier this year that he would consider becoming a minority owner of his old team if they would sell a small stake.
Former Milwaukee Bucks owner Marc Lasry and Michael Strahan, the former Giants player-turned-ABC news host, are reportedly teaming up to make a bid for a stake in the New York team, according to Sportico.
As of August 2024, the New York Giants were valued at $7.3 billion, according to Forbes.
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There have been several limited partner deals over the past few months placing franchises at particularly high valuations after NFL owners voted last summer to allow private equity firms to invest in the teams.
3 The Giants were valued at $7.3 billion as of August 2024, the, according to Forbes.
AP
In December, two investment groups clinched an 8% stake in the Philadelphia Eagles for $8.3 billion.
That same month, Ares Management and Joe Tsai, who owns BSE Global, took a small stake valued at $8.1 billion in the Miami Dolphins, Hard Rock Stadium, the Miami Grand Prix F1 race and roughly half of the Miami Open tennis tournament, a source familiar with the sale told CNBC.
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Just this week, the NFL approved a 6.2% minority stake sale of the San Francisco 49ers, valued at $8.6 billion, a person familiar with the deal told the outlet.
3 Julia Koch and her late-husband David Koch attend the Time 100 Gala in 2016.
Getty Images for Time
Julia Koch inherited her fortune from her husband David, who made his riches from a massive 42% stake in the family's Koch Industries, an energy and chemicals conglomerate.
He died in 2019 and was survived by Julia, his wife of more than 20 years, and their three children, David Jr., Mary Julia and John Mark.
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