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Eli Manning says he's no longer interested in buying a piece of the New York Giants: ‘It's too expensive for me'
Eli Manning says he's no longer interested in buying a piece of the New York Giants: ‘It's too expensive for me'

NBC News

time10-07-2025

  • Business
  • NBC News

Eli Manning says he's no longer interested in buying a piece of the New York Giants: ‘It's too expensive for me'

Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport on Wednesday that he's been priced out. '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.

Eli Manning bows out of potentially buying New York Giants stake: 'Too expensive'
Eli Manning bows out of potentially buying New York Giants stake: 'Too expensive'

USA Today

time10-07-2025

  • Business
  • USA Today

Eli Manning bows out of potentially buying New York Giants stake: 'Too expensive'

Retired New York Giants legend Eli Manning previously indicated that he was interested in purchasing an ownership stake in the team. He had sought to join a group to buy a minority stake in the team, but that appears to have changed. While sitting down with CNBC, Manning said he is no longer interested in purchasing a minority stake in any football team. "Basically, it's too expensive for me," Manning said. "A 1% stake valued at $10 billion turns into a very big number." Indeed, it does turn into a very big number. Last fall, the Giants' valuation was $7.85 billion, fourth-highest in the NFL. But the valuations are only a part of it; another piece is the potential conflict of interest it could cause him with the rest of his work. "I wouldn't be able to talk to players that I coached in the Pro Bowl. It was going to affect my day job," he said. For Manning, that's not something he was willing to give up. As co-host of ESPN's ManningCast that runs alongside Monday Night Football, Manning could have been perceived to have a conflict of interest any time the Giants played. The high price, combined with the potential to mess up things he loves, is how Manning came to this decision. The Mara and Tisch families have received bids for the minority stake, but no ownership has changed hands as of this writing.

Eli Manning says he's no longer interested in buying a piece of the NFL's Giants: 'It's too expensive for me'
Eli Manning says he's no longer interested in buying a piece of the NFL's Giants: 'It's too expensive for me'

CNBC

time09-07-2025

  • Business
  • CNBC

Eli Manning says he's no longer interested in buying a piece of the NFL's Giants: 'It's too expensive for me'

Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport Wednesday that he's been priced out. "Basically, it's too expensive for me," Manning told CNBC Sport in an interview. "A 1% stake valued at $10 billion turns into a very big number." Manning's comments come as NFL 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, out 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. 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. 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 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. He is also a minority owner in the National Women's Soccer League's Gotham FC and TGL's New York golf team.

Patrick Mahomes Shares Reaction to New Post Involving Joe Burrow
Patrick Mahomes Shares Reaction to New Post Involving Joe Burrow

Yahoo

time08-07-2025

  • Entertainment
  • Yahoo

Patrick Mahomes Shares Reaction to New Post Involving Joe Burrow

Patrick Mahomes Shares Reaction to New Post Involving Joe Burrow originally appeared on Athlon Sports. The NFL offseason may be winding down, but there's still plenty to get excited about before the action kicks off. Training camps are set to begin in the coming weeks, and the Hall of Fame Game will close out the month, bringing weekend football back to fans everywhere. While teams prepare for the season ahead, fans can catch a glimpse of their favorite quarterbacks in a brand-new docuseries. Cincinnati Bengals quarterback Joe Burrow, Jared Goff of the Detroit Lions and Kirk Cousins of the Atlanta Falcons will be featured in the second season of "Quarterback." It is set to premiere on Tuesday and can be watched exclusively on Netflix. On Monday, Kansas City Chiefs quarterback Patrick Mahomes—who has already won three Super Bowls and remains one of the league's biggest stars—shared his reaction to an upcoming season that features one of his main AFC rivals, Burrow. The series was co-produced by Omaha Productions, 2PM Productions and NFL Films. Omaha Productions was founded by former Indianapolis Colts quarterback Peyton Manning and is best known for its ManningCast broadcasts on Monday Night Football. 2PM Productions is based in Kansas City and was founded by Mahomes. The first season highlighted Mahomes, Cousins (then with the Minnesota Vikings) and then-Atlanta Falcons quarterback Marcus Mariota. Burrow, the former No. 1 overall pick in the 2020 NFL Draft, is entering his fifth NFL season and will turn 29 later this year. He's already made two Pro Bowl appearances and has won the NFL Comeback Player of the Year award twice. At LSU, Burrow led the Tigers to a national title and won the Heisman Trophy in 2019. The Bengals will open the 2025 regular season on the road against division rival Cleveland Browns on September 7. This story was originally reported by Athlon Sports on Jul 7, 2025, where it first appeared.

Peyton Manning Sends Clear Message to Aaron Rodgers After Steelers Signing
Peyton Manning Sends Clear Message to Aaron Rodgers After Steelers Signing

Yahoo

time30-06-2025

  • Sport
  • Yahoo

Peyton Manning Sends Clear Message to Aaron Rodgers After Steelers Signing

Peyton Manning Sends Clear Message to Aaron Rodgers After Steelers Signing originally appeared on Athlon Sports. In a long-anticipated move, four-time MVP and former Super Bowl champion Aaron Rodgers agreed to a one-year deal with the Pittsburgh Steelers—what he revealed during an appearance on The Pat McAfee Show last week is likely his final season in the NFL. Advertisement "I'm pretty sure this is it," Rodgers said. "That's why we just did a one-year deal." Rodgers is entering his 21st NFL season and appears ready to hang up his cleats after this year in Pittsburgh. That said, he made it clear he's extremely motivated to compete for a championship—and believes the Steelers have enough talent on the roster to make a legitimate run. On Monday, the "Pat McAfee Show" welcomed NFL legend and "ManningCast" co-host Peyton Manning, who was asked about Rodgers' decision to sign with Pittsburgh for one final season. The move closely mirrors both Manning's final stop in Denver and Tom Brady's championship run with Tampa Bay. "I'm excited for Aaron," Manning said. "It's a good opportunity. There's no substitute for experience, and what Aaron can do to help these receivers is significant. I think the whole team needs to do their part as well. The defense needs to be the Pittsburgh Steelers—you're probably not expecting him to go out and score 40 points every week." He continued, "I'm looking forward to seeing it. Hopefully, this is a good chapter for him and he can finish strong if it is his last year. Hopefully, Aaron takes that energy and goes out and plays really well this season." Aaron Rodgers spent 18 of his 20 NFL seasons with the Green Bay Packers and will go down as the greatest quarterback in the franchise's history—and one of the best to ever play the game. Advertisement Over the past two seasons, however, he took his talents to the New York Jets. But his debut was cut short in 2023, when he tore his Achilles on the very first series of his Jets career during a 'Monday Night Football' game. He missed the rest of the season, and his return last year didn't unfold as hoped. Pittsburgh Steelers quarterback Aaron Rodgers (8).© Philip G. Pavely-Imagn Images Now, Rodgers gets one final fresh start with a Pittsburgh Steelers organization known for stability and success—having never finished below .500 under head coach Mike Tomlin, who has led the team since 2007. Related: Aaron Rodgers Bringing Steelers Teammates to Malibu This story was originally reported by Athlon Sports on Jun 30, 2025, where it first appeared.

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