Former New York Giants quarterback Eli Manning expressed interest in potentially becoming a minority owner of his former team if the Mara family decides to sell a stake. Manning mentioned in a CNBC Sport interview that he would consider pursuing ownership of the team he played for over 16 years, as it is local and makes the most sense, but the decision ultimately lies with the Mara family.
The Mara family has been the owners of the Giants since the team’s inception in 1925. The Giants chose not to comment on Manning’s interest. Following the NFL’s approval of private equity investment for up to 10% of each franchise in August, many teams have started exploring the sale of minority stakes, resulting in various transactions to individuals and investment firms.
In a similar move, former NFL quarterback Tom Brady and his business partner acquired a 10% stake in the Las Vegas Raiders. Other teams like the Miami Dolphins, Buffalo Bills, and Philadelphia Eagles have also sold minority stakes to affluent individuals recently. Manning is already a minority owner of the NJ/NY Gotham FC in the National Women’s Soccer League and is involved with the private equity firm Brand Velocity Group.
Despite Manning’s involvement in various ventures, his firm Brand Velocity Group has not been approved by the NFL to purchase a minority stake. Manning supported the Giants’ decision to retain head coach Brian Daboll and general manager Joe Schoen for another season, emphasizing the importance of continuity and building a winning culture over time.
Reflecting on the Giants’ performance, Manning acknowledged the challenges faced by the team and the need for unity to achieve success. Manning is exploring new opportunities post-football and will serve as a Verizon FanFest ambassador, engaging in events across NFL markets to connect with fans and former players. Manning expressed his enthusiasm for this new phase in his life, aiming to discover new passions and commitments beyond his football career.
