NFL and New York Giants legend Eli Manning has changed his mind about buying a minority stake in his former team. On Wednesday, the former Giants quarterback told NBC that he was priced out of becoming a part-owner of the franchise.
“It’s too expensive for me, these numbers are getting really big,” Manning said. “A 1% stake valued at $10 billion turns into a very big number.”
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In September, the Giants were valued at $7.85 billion in CNBC’s NFL Team Valuations. The number ranks them as the fourth most expensive franchise in the NFL behind the Dallas Cowboys, Los Angeles Rams and New England Patriots. Manning, who said he has no interest in buying any other team, previously insisted the Giants are worth $10 billion.
He also noted how being a part owner would cause conflict with his other endeavors, which include the ManningCast with his brother Peyton Manning on ESPN and hosting football camps.
“I love the Giants and I think it’s deserving of the valuation,” Manning said. “There’ll be people that will wanna go for it. I was kind of along the ride, but it really is a matter of complications with the fact that I am doing broadcasting.
“I wouldn’t be able to talk to the players, I coach in the Pro Bowl, I do a high school football camp where college guys come. There’s gonna be a lot of conflict, and it was gonna affect my day job, so I kind of had to pull out of the Giants deal. But I’m still very involved in the Giants organization.”
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Manning’s statements suggest he does not want to be limited in his roles like Tom Brady after buying a piece of the Las Vegas Raiders. The seven-time Super Bowl champion got the green light to be a part-owner in October of 2024. However, his lucrative 10-year, $375 million deal as Fox Sports’ lead NFL analyst barred Brady from other teams’ facilities and practices.
Manning first hinted at interest in buying part of the team in January during an interview with NBC.
“It’s definitely something of interest,” Manning said then “There’s probably only one team I’d be interested in pursuing, and it’s the one I played for for 16 years, and it’s local, and makes the most sense, but we just got to figure out if they would ever sell a little bit.”
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With Manning withdrawing his bid, the Mara and Tisch families will continue to find candidates to take over a minority “non-controlling stake,” which they announced in February.
NBC previously reported that Julia Koch submitted a bid to be a minority owner of the Giants in May. In the same month, Sportico reported that ex-Giants defensive end Michael Strahan and billionaire Marc Lasry bid for a stake as a duo.
The Giants’ stake remains on the market after record purchases of the Los Angeles Lakers, Boston Celtics, Washington Commanders and Denver Broncos in the past three years.
Manning spent his entire 15-year NFL career with the Giants and helped the franchise win two of their four Super Bowl titles in 2008 and 2012.
This news was originally published on this post .
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