Feb 19, 2025 10:36 AM IST
Boxing legend Floyd Mayweather is pursuing a ten per cent stake within the New York Giants for $700 million, partnering with Meyer Orbach.
Floyd Mayweather, identified for his undefeated boxing profession and lavish wealth, is now setting his sights on a high-stakes enterprise enterprise—proudly owning a slice of the NFL’s New York Giants. The boxing icon is reportedly main a bunch trying to buy a ten per cent stake within the franchise for a staggering $700 million (£556 million), making it certainly one of his most formidable monetary strikes but.
Floyd Mayweather is trying to purchase stake in NFL workforce New York Giants.(Getty Photographs)
In response to TMZ Sports activities, Mayweather has teamed up with actual property mogul Meyer Orbach, who already holds practically 20 per cent of the NBA’s Minnesota Timberwolves, to place collectively an official bid. The duo is believed to have already secured $200 million (£159 million) in an escrow account as they put together to make their supply.
The New York Giants, valued at $7.3 billion, rank because the seventh Most worthy sports activities franchise on this planet. The workforce trails simply behind the New England Patriots ($7.4 billion) and is a part of an elite membership of U.S. sports activities powerhouses, led by the Dallas Cowboys, who high the checklist at $10.1 billion.
A possible sale of shares turned attainable after two of the Giants’ minority house owners expressed curiosity in offloading a part of their stake. This opens the door for Mayweather and his group to enter the unique world of NFL possession—a league the place workforce shares not often turn out to be obtainable.
Meyer Orbach, whereas not confirming particular particulars, advised TMZ: “My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that.”
Mayweather, 47, has by no means been shy about his lavish spending—his assortment of luxurious vehicles alone is value over $20 million—however this potential funding could be on one other degree. If the deal goes by, it will mark one of many greatest monetary performs of his profession, bringing him into the unique world {of professional} sports activities possession alongside billionaires and enterprise moguls.
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