The New York Giants recently announced plans to sell a minority stake in the team, and it didn’t take long for big names to throw their hats in the ring. Boxing icon Floyd Mayweather, along with real estate tycoon Meyer Orbach, has reportedly put together an offer to buy a 10% stake in the Giants, according to TMZ Sports. Their proposed bid? A staggering $700 million.
Floyd Mayweather Already Has $200 Million in Escrow
Sources close to the deal claim that Mayweather has already placed $200 million in escrow as part of his efforts to secure the investment. Orbach, who already holds a minority stake in the Minnesota Timberwolves, confirmed that his group is actively exploring ownership opportunities in sports but declined to provide further details.
“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that.” – Meyer Orbach to TMZ Sports
Mayweather, known for his extravagant lifestyle, has built a business empire far beyond boxing. The undefeated 50-0 fighter has earned over $275 million in a single fight against Conor McGregor and regularly ranks among the highest-paid athletes in history. His investments include real estate, art, and even a $20 million building in New York City’s Diamond District that he gifted to his grandson.
How Much is the New York Giants’ Minority Stake Worth?
While the Giants are valued between $6.8 billion and $7.65 billion, the exact price of the minority stake remains unclear. However, experts believe the number could exceed $700 million, meaning Mayweather and Orbach might need to adjust their offer to stay competitive.
More Athletes Investing in NFL Teams
If Mayweather’s bid is successful, he will follow in the footsteps of Tom Brady, who co-owns the Las Vegas Raiders. The trend of high-profile athletes buying into the NFL is becoming more common, signaling a shift in sports ownership dynamics.
What’s Next for Mayweather and the Giants?
The Giants have struggled in recent years, frequently finishing at the bottom of the NFC East, but a new ownership group could bring changes. Whether Mayweather’s financial power and business acumen will help transform the team remains to be seen. One thing is certain—if he secures the deal, the former boxing champion will add yet another massive win to his career.
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