Eli Manning says he's no longer interested in buying a piece of the New York Giants: ‘It's too expensive for me'
'Basically, it's too expensive for me,' Manning said in an interview. 'A 1% stake valued at $10 billion turns into a very big number.'
Manning's comments come as team valuations skyrocket.
In CNBC's Official NFL Team Valuations published in September, the Giants were valued at $7.85 billion, ranking fourth among the league's 32 teams.
In December, the Philadelphia Eagles sold a minority stake in the team at a valuation of $8.3 billion — roughly $1 billion higher than where CNBC Sport had valued the team a few months earlier. In May, the San Francisco 49ers sold a 6.2% stake at a valuation of more than $8.5 billion, according to people familiar with the matter. CNBC's September valuation marked the 49ers at $7.4 billion.
And last month, the NBA's Los Angeles Lakers agreed to sell the majority of the team at a $10 billion valuation, far higher than the franchise's $7 billion valuation according to CNBC Sport's Official NBA Team Valuations, published in February.
Manning said he doesn't have interest in buying a stake in any other NFL team and that he believes the Giants are deserving of a $10 billion valuation. He also said other complications contributed to his decision to withdraw his name.
'I wouldn't be able to talk to players that I coached in the Pro Bowl. It was going to affect my day job,' said Manning, adding there could have been conflicts of interest with his role on ESPN's ManningCast, the alternative Monday Night Football broadcast that he co-hosts with his brother, former NFL quarterback Peyton Manning.
Eli Manning made more than $250 million in career earnings from the Giants and many millions more from endorsements. He owns a production company — Ten Till Productions — and is a partner in the private equity firm Brand Velocity Group.
Minority sale continues
The Mara family, which has owned the Giants since the team's founding in 1925, currently owns 50% of the team. The Tisch family has owned the other half since 1991.
Both families hired Moelis & Company to explore a potential sale of 'a minority, non-controlling stake,' they said in February.
There's been renewed interest in NFL ownership in recent months. Last year, the league voted to allow private equity firms to take stakes of up to 10% in teams.
CNBC reported in May that investor Julia Koch had submitted a bid for a minority stake in the Giants. Former New York Giants defensive end Michael Strahan and billionaire Marc Lasry also teamed up to make a bid, Sportico reported in May.
Manning said he still plans to be very involved in the Giants organization. He told CNBC Sport he has already spoken to the team, focusing on advice to the rookies, earlier this year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Guardian
an hour ago
- The Guardian
Jerry Jones downplays Micah Parsons' public comments as teammates rally to player's side
Dallas Cowboys owner and general manager Jerry Jones does not intend to trade Micah Parsons after the star defensive end said he wants to leave the team amid a breakdown in negotiating a contract extension. 'Surely you guys have been around this stuff and know how to recognize negotiation talk, that type of thing. And so that's where I put that,' Jones said after practice Saturday, one day after Parsons posted on social media to request a trade. No stranger to public and prolonged disputes with standout players, Jones insisted the standoff with Parsons is no different than past situations ranging from alternating approaches by quarterback Dak Prescott and wide receiver CeeDee Lamb last year to the 1993 in-season holdout by running back Emmitt Smith. 'Well, it's just that you've seen it so often, and you've seen it with other clubs. You go through the process. It's a highly sensitive time when you're guaranteeing somebody almost $200m, that's sensitive stuff,' Jones said. Parsons remains at training camp, where he has yet to practice because of a back injury. He did not speak to reporters, leaving the field at the same time as Jones was fielding questions for more than 15 minutes. Parsons is going into the final season of his five-year rookie contract and is seeking a new deal that would almost certainly make him the highest-paid defender in NFL history. He could be franchise tagged in 2026 without a contract extension. A first-round draft pick in 2021, Parsons has at least 12 sacks in each of his four seasons with the Cowboys and 52 1/2 for his career. The crux of the disagreement between Parsons and the Cowboys seems to be over the specific nature of talks with Jones during the spring that Parsons did not consider formal negotiations. Jones disagrees, believing they had come together on a deal. 'The key is that we've got an agreement,' Jones said. 'Let's really do understand that we've got an agreement now.' Parsons wrote in his statement that the Cowboys have refused to engage his agent David Mulugheta in the process, which along with remarks by Jones during a 21 July press conference, contributed to his decision to publicly request a trade. Asked if what was discussed in March was still on the table, Jones said, 'Micah took it off. He took it off.' Jones said that he expects Parsons to work off the framework established during the disputed spring talks. 'Now, if we're going to adjust an agreement, then he's a must and I'm a must,' Jones said of Parsons' involvement in future negotiations. Multiple Cowboys players have posted their support for Parsons on social media, with Lamb writing, 'Just pay the man.' Fans shouted their support for Parsons when Jones walked on the field midway through practice, and there was a sustained chant of 'Let's pay Micah!' at the end of Saturday's workout. Jones did not answer directly when asked if he expects Parsons will be on the Cowboys for their season opener against the Philadelphia Eagles on 4 September. He later expressed his belief that the current hostility with Parsons will be resolved in a satisfactory manner for all involved. 'I enjoy Micah, but as always, in any relationship, there's different moods at different times of your relationship,' Jones said. 'That's what it is. Don't lose any sleep over it. That's the one thing I would say to our fans, don't lose any sleep over it.'
Daily Mail
an hour ago
- Daily Mail
Fears emerge that Donald Trump could jeopardize NFL's blockbuster deal with ESPN
There are fears that Donald Trump could block the NFL's multi-billion-dollar deal with ESPN, according to reports. Earlier this month, the NFL and ESPN agreed a blockbuster deal that will see the network broadcast seven more regular-season games, and have access to NFL Network and RedZone. In return, it is reported that the NFL will receive equity in ESPN. The shock announcement, first reported by The Athletic, angered many football fans. But now Front Office Sports reports that Trump could intervene in the deal, which is expected to require sign-off from the government. There is reportedly 'growing concern' that the president could try to 'delay, or block' the billion-dollar agreement. Trump has a history of involving himself in sports - particularly the NFL. Only recently, he has been a vocal critic of the new kickoff rules and recently threatened to disrupt the Commanders' new stadium plans if Washington didn't change their name back to the Redskins. A decade ago, he tried and failed to buy the Buffalo Bills for $1billion. In 2017, meanwhile, he called on NFL owners to fire players who take a knee during the national anthem. Colin Kaepernick sparked a nationwide debate when he protested against police brutality and racial injustice. Other players followed suit and they soon incurred the wrath of the White House. 'Wouldn't you love to see one of these NFL owners, when somebody disrespects our flag, to say, "Get that son of a b**** off the field right now?" Out. He's fired. He's FIRED!' Trump said during a rally in Alabama. A year later, the president canceled the traditional White House reception with the Super Bowl winners after it emerged that only a small number of Eagles players planned to attend. Trump claimed Philadelphia disagreed 'with their President because he insists that they proudly stand for the National Anthem, hand on heart, in honor of the great men and women of our military and the people of our country.' The president has also had feuds with ESPN and its parent company Disney. 'ESPN is paying a really big price for its politics (and bad programming). People are dumping it in RECORD numbers. Apologize for untruth!' he said in 2017.
Daily Mail
3 hours ago
- Daily Mail
NFL star Deebo Samuel left fuming after interviewer spills secret live on air in painful exchange
Commanders star Deebo Samuel was left shaking his head in disbelief after NFL Network's Mike Garafolo accidentally revealed the wide receiver is battling a hand injury - live on air. Garafolo was left red-faced at the end of an interview with Samuel during a segment on 'Inside Training Camp Live' earlier this week. 'Alright, edit that part out, just strike that... that didn't happen,' the reporter said after his on-air blunder drew glares from the wide receiver. Samuel joined NFL Network to discuss 'good vibes' around the Washington Commanders heading into the 2025 season. But the interview instead ended with a painfully awkward exchange. 'Usually, I'll give a handshake when a guy leaves but I tried to shake your hand on the way up,' Garafolo began. Very awkward interaction between Deebo Samuel and NFL Network at the end of their interview after Saturday's practice. @JPFinlayNBCS @nflnetwork — Steronimo Gilton (@viceroy_14) August 2, 2025 The wide receiver joined the Commanders earlier this year after five seasons with the 49ers '(But) you said "No, no, no. I got a little jam in my finger today..." Though Samuel remained silent, only staring at the interviewer, Garafolo's co-host did his best to stop the NFL Network reporter digging himself a deeper hole. 'Woah, woah,' he said. 'Uh oh...' That caught the attention of Garafolo, who responded: 'Oh was I not supposed to say that? Alright, edit that part out, just strike that. that didn't happen.' Samuel shook his head before the host offered his fist for the receiver to bump. 'I ain't getting anything now,' Garafolo said as the network cut away from the interview. 'This is ridiculous,' someone could then be heard saying. Samuel was traded to the Commanders back in March after six seasons with the San Francisco 49ers.
