The NFL on Wednesday approved Julia Koch and family to purchase a minority non-controlling interest in the New York Giants.
Commissioner Roger Goodell confirmed the deal at the NFL’s Fall meetings.
Reports indicate that Koch was approved to purchase 10% of the franchise, with the sale price not disclosed. In September, Bloomberg estimated the value of the Giants at $10 billion.
John Mara and family, along with Steve Tisch and family, remain the controlling owners of the franchise. Mara is the president and CEO, while Tisch is executive vice president and chairman of the board.
“On behalf of the entire Mara family, I would like to welcome Julia and her family to the New York Giants,” Mara said. “It was clear during our discussions that Julia and her family understood the importance of this franchise to the Mara and Tisch families and the relationship we have with our fans and community. Our discussions were productive, and we are pleased to have them as a part of the New York Giants.”
Julia Koch is the widow of businessman David Koch, who was a vice president candidate of the United States in 1980. Forbes estimated David Koch’s net worth at $81.2 billion at the time of his death in 2019.
“My family and I are honored to join the Giants organization, a storied franchise with deep roots in New York,” said Julia Koch, who agreed to make the purchase in September, pending league approval. “We look forward to supporting the Mara and Tisch families to advance the team’s continued success and appreciate the partnership with two great families.”
–Field Level Media
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