Latest news with #JuliaKoch
New York Post
22-05-2025
- Business
- New York Post
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. Advertisement 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. Advertisement 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. Advertisement 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. Advertisement 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.
CNBC
21-05-2025
- Business
- CNBC
Investor Julia Koch looking to buy minority stake in New York Giants, source says
Investor Julia Koch is looking into buying a limited partnership in the NFL's New York Giants, a person familiar with the matter confirmed to CNBC. About a year ago, Koch bought a 15% stake in BSE Global, the parent company of the NBA's Brooklyn Nets, WNBA's New York Liberty, and Barclays Center. That stake had a $6 billion valuation, according to a person familiar with the terms of the sale. Koch and her family are interested in additional investments in teams, especially in the New York market, according to a person familiar with Koch's thinking. The people familiar asked to remain unnamed because they are not authorized to speak to the public on these matters. Koch and her family have a net worth of $74 billion, according to Forbes. Both the New York Giants and a representative for Julia Koch declined to comment to CNBC on the matter. Others have been mentioned as possible investors in the Giants, including the team's former quarterback Eli Manning, who told CNBC he'd be interested in investing in the team. It has also been reported that former Milwaukee Bucks owner Marc Lasry and former Giants great Michael Strahan were interested in buying a piece of the Giants. In CNBC's NFL team valuations published in September, the Giants were valued at $7.85 billion, fourth highest among the league's 32 teams. Two people familiar with the matter told CNBC that the situation around investment in the Giants remains very fluid, with different individuals and groups speaking with each other about forming a limited partnership to buy a stake. The stake is likely to be less than 10%, according to another person familiar with the matter. There has been a spate of limited partner sales of NFL teams over the past several months. In December, an 8% stake in the Philadelphia Eagles went for $8.3 billion. Also in December, Ares Management and Joe Tsai, owner of BSE Global, bought minority stakes in the Miami Dolphins, Hard Rock Stadium, the Miami Grand Prix F1 race and about half the Miami Open tennis tournament. That stake has a valuation of $8.1 billion, according to a person familiar with the sale. On Tuesday, the NFL approved the sale of 6.2% of the San Francisco 49ers at an $8.6 billion valuation, according to a person familiar with that sale. One reason for the high valuations, according to a sports banker who also asked to remain unnamed in order to speak freely, is that NFL owners in August voted to allow private equity firms to invest in the teams, something MLB, NBA and NHL had all previously approved. NFL Commissioner Roger Goodell told CNBC's Scott Wapner on Monday that the league will likely allow more private equity firms to buy into the NFL.
