Floyd Mayweather
Desires To Purchase Stake In New York Giants
Placing Large Supply Collectively
Printed
Floyd Mayweather needs to personal the NY Giants … and we’re informed 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 realized that 47-year-old Mayweather and his enterprise companion, outstanding actual property magnate, Meyer Orbach, are placing collectively a suggestion. There’ll doubtless be one other rich investor added to the staff, per what we’re being informed from our sources.
We’re informed the provide will probably be within the neighborhood of $700 million … and the plan is to submit the proposal quickly. We’re informed TBE has already moved $200 million into an escrow account.
“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that,” Orbach informed us.
FYI, Meyer is not any stranger in relation to shopping for a professional sports activities franchise. He owns slightly below 20% of the Minnesota Timberwolves.
The franchise, which was based in 1925 and boasts one of many richest histories within the sport, is value an estimated $7.5 billion, based on Forbes.
In fact, it not too long ago got here to mild that John Mara, grandson of staff founder Tim Mara, and Steve Tisch, homeowners of the New York Giants, wished to promote a part of their stake within the NFL staff.
As for whether or not Mayweather would obtain assist from staff homeowners … we’re informed Floyd’s already acquired letters of assist from two, based on our sources.
We reached out to the boxing star, however Mayweather declined to remark.
