Latest news with #JohnMara
Yahoo
26-04-2025
- Sport
- Yahoo
Report: John Mara 'staying out' of New York Giants' draft decisions
New York Giants co-owner John Mara has often been accused of meddling with front office decisions and overriding the general manager -- something he has repeatedly denied. Mara has again asserted that he will stay out of things this year despite general manager Joe Schoen and head coach Brian Daboll sitting firmly on the hot seat. Advertisement Most fans don't buy it but NFL draft expert Todd McShay believes it to be true, citing sources that say Mara is "staying out" of the team's pre-draft discussions and ultimately, the regime's decisions. "I've been told John Mara is staying out of it so far," McShay said on The McShay Show. "Again, just sources. I haven't talked to the Mara family." Specifically, McShay says there is split on Colorado quarterback Shedeur Sanders and whether he warrants the third overall pick. Members of the personnel department are reportedly pushing to draft Sanders while the coaching staff, led by Daboll, want to go in a different direction. Advertisement "There's a little bit more of a push than expected from the personnel people," he said. "And then the coaching staff, obviously headed by Brian Daboll the head coach, is anti-taking Shedeur." During a press conference on Monday, marking the start to the team's offseason workout program, Daboll admitted there have been and will be disagreements over prospects. "There is really good communication, and not just with the quarterbacks, with each position. It's okay to disagree. You're not going to be disagreeable. Everybody has thoughts and opinions of what they evaluate and what they see," he said. Some reports have suggested the divide is significant, while other reports have suggested it's minor. Either way, the Giants are running out of time to settle on a player with the draft beginning this Thursday night in Green Bay. This article originally appeared on Giants Wire: John Mara 'staying out' of Giants' draft decisions
USA Today
22-04-2025
- Sport
- USA Today
Report: John Mara 'staying out' of New York Giants' draft decisions
Report: John Mara 'staying out' of New York Giants' draft decisions New York Giants co-owner John Mara has often been accused of meddling with front office decisions and overriding the general manager -- something he has repeatedly denied. Mara has again asserted that he will stay out of things this year despite general manager Joe Schoen and head coach Brian Daboll sitting firmly on the hot seat. Most fans don't buy it but NFL draft expert Todd McShay believes it to be true, citing sources that say Mara is "staying out" of the team's pre-draft discussions and ultimately, the regime's decisions. "I've been told John Mara is staying out of it so far," McShay said on The McShay Show. "Again, just sources. I haven't talked to the Mara family." Specifically, McShay says there is split on Colorado quarterback Shedeur Sanders and whether he warrants the third overall pick. Members of the personnel department are reportedly pushing to draft Sanders while the coaching staff, led by Daboll, want to go in a different direction. "There's a little bit more of a push than expected from the personnel people," he said. "And then the coaching staff, obviously headed by Brian Daboll the head coach, is anti-taking Shedeur." During a press conference on Monday, marking the start to the team's offseason workout program, Daboll admitted there have been and will be disagreements over prospects. "There is really good communication, and not just with the quarterbacks, with each position. It's okay to disagree. You're not going to be disagreeable. Everybody has thoughts and opinions of what they evaluate and what they see," he said. Some reports have suggested the divide is significant, while other reports have suggested it's minor. Either way, the Giants are running out of time to settle on a player with the draft beginning this Thursday night in Green Bay.
USA Today
14-02-2025
- Business
- USA Today
Giants exploring sale of minority stake in the team
The New York Giants are officially up for sale… Or at least a limited stake in the team is. On Thursday night, a Sports Business Journal report surfaced suggesting the Giants would look to sell up to a 10 percent stake in the team which the organization later confirmed. The Giants are looking to sell up to 10 percent of the team, sources say, a process likely to set a new high-water mark for an NFL team valuation. The century-old club, one of the most valuable sports teams in the world, has hired Moelis & Co. as its banker. The team will not sell a majority stake or cede control, which has rested with current President John Mara or his family since his grandfather, Tim Mara, founded the team in 1925, sources said. Since 1991, the Tisch and Mara families have each owned 50% of the club, with a large roster of individual family members holding small stakes. Their precise reason for exploring an LP sale is not known, but the NFL allowed private equity firms to buy up to 10% of teams under a new policy approved last August. Tim Mara purchased the Giants for just $500 in 1925, while Bob Tisch purchased a 50 percent stake for $75 million in 1991. Splitting and selling a 10 percent stake here in 2025 is likely to reset the market on franchise equity valuations. In December, the now-Super Bowl champion Eagles sold 8% percent to two wealthy families in deals valuing the club at $8.1 billion and $8.3 billion, respectively. Experts believe the Giants' valuation will beat those numbers based on the size of the New York City market alone (roughly 19.5 million in NYC versus 6.2 million in Philadelphia). Forbes recently estimated the Giants' value at $7.3 billion, while CNBC estimated their value at $7.85 billion. At the time of the Eagles' sale, Forbes had them valued at $6.6 billion with CNBC valuing them at $7 billion. The issue facing the Giants as they prepare to sell a minority stake is that they are no longer a member of the league's elite. The once proud franchise has floundered over the past decade-plus and is now considered one of the worst teams in football.
Yahoo
14-02-2025
- Business
- Yahoo
Report: Giants looking to sell limited stake in team
The New York Giants are putting a limited stake in the team on the market, with the process likely to set a record for an NFL franchise valuation, Sports Business Journal reported on Thursday. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New York City market, have hired Moelis & Co. as their banker, according to the report. The team's majority stake and control will remain with the Mara family. The team's president is John Mara, whose grandfather Tim Mara founded the team in 1925. While the reason for exploring a limited partner is not known, the timing comes after the NFL approved a policy in August that allows private equity firms to buy up to 10 percent of teams. The Giants organization and Moelis & Co. declined to comment to Sports Business Journal. Forbes' most recent valuation of the Giants came in at $7.3 billion, while CNBC pegged it at $7.85 billion. For a recent comparison, the newly minted Super Bowl champion Philadelphia Eagles had ranged in value from $6.6 billion (Forbes) to $7 billion (CNBC). Then in December, the Eagles sold a combined 8 percent to two families in separate transactions valuing the franchise at $8.1 billion and $8.3 billion, respectively. Philadelphia owner Jeffrey Lurie still controls 85 percent of the team under terms of the sales. The Eagles are now at the top of the pro football world, while the Giants have been among the NFL's worst teams in recent seasons. Three private equity firms got NFL approval in December to make deals to acquire limited partnerships in teams. Arctos Partners purchased 10 percent of the Buffalo Bills, and Ares Management bought a 10 percent stake in the Miami Dolphins and related assets. The Bills were valued by CNBC at $5.35 billion before the sale, while the Dolphins were valued at $8.1 billion. --Field Level Media
Reuters
14-02-2025
- Business
- Reuters
Report: Giants looking to sell limited stake in team
February 14 - The New York Giants are putting a limited stake in the team on the market, with the process likely to set a record for an NFL franchise valuation, Sports Business Journal reported on Thursday. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New York City market, have hired Moelis & Co. as their banker, according to the report. The team's majority stake and control will remain with the Mara family. The team's president is John Mara, whose grandfather Tim Mara founded the team in 1925. While the reason for exploring a limited partner is not known, the timing comes after the NFL approved a policy in August that allows private equity firms to buy up to 10 percent of teams. The Giants organization and Moelis & Co. declined to comment to Sports Business Journal. Forbes' most recent valuation of the Giants came in at $7.3 billion, while CNBC pegged it at $7.85 billion. For a recent comparison, the newly minted Super Bowl champion Philadelphia Eagles had ranged in value from $6.6 billion (Forbes) to $7 billion (CNBC). Then in December, the Eagles sold a combined 8 percent to two families in separate transactions valuing the franchise at $8.1 billion and $8.3 billion, respectively. Philadelphia owner Jeffrey Lurie still controls 85 percent of the team under terms of the sales. The Eagles are now at the top of the pro football world, while the Giants have been among the NFL's worst teams in recent seasons. Three private equity firms got NFL approval in December to make deals to acquire limited partnerships in teams. Arctos Partners purchased 10 percent of the Buffalo Bills, and Ares Management bought a 10 percent stake in the Miami Dolphins and related assets. The Bills were valued by CNBC at $5.35 billion before the sale, while the Dolphins were valued at $8.1 billion.
