Floyd Mayweather placing big supply collectively for Giants minority stale

Final week, the New York Giants introduced they’d discover a sale of a minority stake within the crew.

Since then, rumors have unfold about potential suitors and former gamers who would possibly desire a piece of the pie. The most recent duo to precise curiosity within the crew is Floyd Mayweather and actual property mogul Meyer Orbach.

From TMZ Sports activities:

Floyd Mayweather needs to personal the NY Giants … and we’re advised the 50-0 boxing legend is main a bunch gunning to purchase a ten% stake within the 4x Tremendous Bowl-winning franchise!

TMZ Sports activities has discovered that 47-year-old Mayweather and his enterprise associate, distinguished actual property magnate, Meyer Orbach, are placing collectively a proposal. There’ll possible be one other rich investor added to the crew, per what we’re being advised from our sources.

We’re advised the supply will probably be within the neighborhood of $700 million … and the plan is to submit the proposal quickly. We’re advised TBE has already moved $200 million into an escrow account.

“My companions and I are at all times totally different alternatives, together with possession of sports activities groups. I can’t remark additional than that,” Orbach advised TMZ.

Orbach already owns a minority stake within the Minnesota Timberwolves and Floyd Mayweather has had his palms in numerous companies for years. They need to buy a ten % stake within the Giants and plan to supply $700 million, however that possible received’t be sufficient.

No formal valuation of the Giants has been accomplished, so it’s onerous to find out what quantity equals 10 % of the group, however a $700 million supply means this specific view values the crew at $7 billion.

In a handful of valuations accomplished within the final yr, the Giants are estimated to be price wherever from $6.8 to $7.65 billion.

There’ll possible be much more suitors lining as much as place a proposal for a minority stake within the Giants, however with out a formal valuation, the cash they might want to buy that stake stays muddy. But it surely’s possible that greater than $700 million will probably be wanted.