Floyd Mayweather is taking a leaf out of Tom Brady’s book.
Last year, the legendary NFL quarterback and co-investor, Knighthead Capital Management founder Tom Wagner, paid a reported $244 million total for a ten percent stake in the Las Vegas Raiders.
NFL legend Brady is a minority owner in the RaidersGettyNow, boxing icon Floyd Mayweather is reportedly set to throw his name in the hat for the New York Giants.
Last week, the Giants announced they would explore a sale of a minority stake in the team.
According to reports from TMZ, ‘Money’ Mayweather is leading a group aiming to purchase a 10 percent stake in the team, which is valued at $7.65 billion.
Mayweather, along with real estate mogul Meyer Orbach, is preparing a massive offer rumored to be in the $700 million range.
“Floyd Mayweather and his business partner Meyer Orbach want to buy a 10 percent stake in the NY Giants,” TMZ producer Michael J. Babcock posted on X.
Mayweather is a boxing icon with plans to enter NFL ownershipGetty“Orbach, a real estate mogul, already owns the [Minnesota] Timberwolves (~17%). Told they’re looking to put together an offer around $700 million. Others (perhaps a NYG legend or two) are likely to be added to the Floyd/Meyer group.”
“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that,” Orbach told the outlet.
The Giants are owned by John Mara and Steve Tisch, with each having a 50 percent stake in the franchise. The team is one of the most profitable and popular in the NFL.
The Giants’ $7.65 billion valuation is third in the NFL and seventh-most among global sports teams. Giants legend Eli Manning has also expressed interest in becoming a minority owner in the franchise.
More to follow.
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