Michael Strahan is reportedly seeking to buy a minority share of the New York Giants, according to Pro Football Talk.
The Hall of Famer has partnered with billionaire businessman and ex-Milwaukee Bucks owner Marc Lasry in a reported effort to acquire a 10% portion of the Giants, who recently announced plans to sell a minority stake.
His former teammate, Eli Manning is also eyeing a portion of the stake.
Last week, Bloomberg reported that Manning wants to submit a bid to become a part-owner of the Giants and has spoken with individual investors, including some former NFL players. The two-time Super Bowl champion quarterback is said to have had “preliminary conversations” about joining Strahan’s investment group. Still, it sounds like Manning and Strahan could instead compete to submit the winning bid.
Manning and Strahan were the 2007 Giants teammates who spoiled the New England Patriots’ perfect season.
The Giants are estimated to be worth $7.3 billion, which means a 10% stake would cost around $800 million. The team ranks behind the Dallas Cowboys ($10.1 billion), Los Angeles Rams ($7.6 billion) and New England Patriots ($7.4 billion).
While both Manning and Strahan are very wealthy, neither has the money it would take to make an $800 million bid unless they attached themselves to other investors. As of now, they do not seem interested in linking up, though that could change at some point.