If the Mara family is prepared to sell him a share in his former team, Eli Manning, a former quarterback for the New York Giants, might think about becoming a minority owner.
In an interview with CNBC Sport, Manning stated, “It’s definitely something of interest.” We just need to determine whether they would ever sell a small bit. The only team I would likely be interested in pursuing is the one I played for for sixteen years; it’s local and makes the most sense.
Since the Giants were founded in 1925, the Mara family has controlled the franchise. Regarding Manning’s interest, the Giants chose not to comment.
The NFL agreed in August to allow private equity ownership for up to 10% of each franchise, and many teams have started to think about selling small, minority holdings.To date, the procedure has resulted in a number of transactions for both people and investment firms.
In October, Tom Brady, a former quarterback for the Tampa Bay Bucs and New England Patriots, and his business partner Tom Wagner purchased a 10% share in the Las Vegas Raiders. In recent months, the Philadelphia Eagles, Buffalo Bills, and Miami Dolphins have also sold minority holdings to affluent individuals.
Manning already owns a majority stake in NJ/NY Gotham FC, a team in the National Women’s Soccer League. Additionally, he is a partner in Brand Velocity Group, a private equity firm.
Only a few private equity groups have been permitted by the NFL to purchase a minority ownership thus far. Among them is Brand Velocity.
Supporting Daboll and Schoen
Manning also told CNBC Sport that he supported the Giants’ decision, which was made public on Monday, to retain general manager Joe Schoen and head coach Brian Daboll for another season.
The Giants will hold the third choice in the 2025 NFL draft after finishing the season 3–14. Earlier this season, the team cut Daniel Jones, its main quarterback.
It simply takes time to establish that culture, maintain consistency, and establish some kind of continuity. “It’s not necessarily possible to finish it in two or three years,” Manning stated. They have some superstars and some playmakers on the team; all they need to do is get everyone on board, collaborate, and figure out how to win some of these close games. And I believe that keeping these men there is the proper decision. Allow them to introduce their men, develop their culture, and establish their own style.
As he looks for a new career beyond playing football, Manning is balancing several business endeavors, he added. Next month, when the telecom giant turns stadiums in NFL markets into a one-day celebration with live music, food, and celebrity meet-and-greets with former NFL players like Jason Witten, Tiki Barber, and Patrick Willis, he will be an ambassador for VerizonFanFest.
Manning stated, “I believe that my goal after football is to discover that passion and something comparable that I can work toward or am genuinely committed to.” I’m loving the process of discovering what else I’m enthusiastic about, and I feel like I get to start again a little bit.
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