Eli Manning, the iconic former quarterback of the New York Giants, has shifted gears regarding his potential investment in the franchise he once led. Speaking with CNBC, Manning expressed that the financial landscape has changed significantly, making it difficult for him to consider a minority ownership stake. “It’s too expensive for me; these numbers are getting really big,” he commented, elaborating that a mere 1% stake is now valued at a staggering $10 billion.
The Giants, valued recently at $7.85 billion, rank fourth among the NFL’s elite franchises, trailing only the Dallas Cowboys, Los Angeles Rams, and New England Patriots. While Manning has previously mentioned believing the team’s worth could hit $10 billion, he clarified that pursuing ownership could conflict with his current broadcasting commitments, including his popular “ManningCast” alongside his brother, Peyton.
“Being a part-owner would create difficulties with my various roles,” Manning explained. “I wouldn’t be able to talk to the players, and my coaching duties at the Pro Bowl and my involvement in high school football camps would be impacted. I had to step back from the Giants’ deal, but my connection with the organization remains strong.”
Interestingly, Manning’s comments bring to mind Tom Brady, who navigated similar waters after acquiring a minority stake in the Las Vegas Raiders. Despite Brady’s legendary status and his new role with Fox Sports as their lead NFL analyst, he found himself faced with restrictions that limited his access to teams. Manning seems to be steering clear of those complications, wanting the freedom to engage intimately in the game without ownership limitations.
Back in January, Manning hinted at his interest in a minority ownership position, emphasizing a strong preference for the Giants, the team with which he spent 16 illustrious seasons. “There’s probably only one team I’d be interested in pursuing,” he said at the time, showcasing his enduring attachment to the franchise that defined his career.
While Manning has withdrawn from the bidding, interest in a minority stake remains robust among other potential investors. The Mara and Tisch families continue searching for suitable candidates, in light of previous submissions, including bids from notable names like Julia Koch and the duo of former Giants defensive end Michael Strahan and billionaire Marc Lasry.
The Giants’ minority stake is still up for grabs, particularly as we witness record transactions around the league, including the sales of the Los Angeles Lakers, Boston Celtics, Washington Commanders, and Denver Broncos over the past few years. Manning, who played his entire 15-year NFL career with the Giants and was instrumental in bringing home two Super Bowl titles in 2008 and 2012, remains a beloved figure in the franchise’s lore, even as he steps back from a potential ownership role.
