Julia Koch visits Blaine & Paul Wilmot behind the blue door: a maximum mantra by John Demsey Book Party in New York, November 9, 2023.
Patrick McMullan | Getty pictures
Investor Julia Koch checks to buy a limited partnership in the New York Giants of the NFL, a person who was confirmed with the matter.
About a year ago, Koch bought a 15% participation in BSE Global, the parent company of NBA Nets, the New York Liberty and the WNBA Barclays Center. This share had an assessment of 6 billion US dollars, according to a person who was familiar with the sales conditions.
Koch and their family are interested in additional investments in teams, especially on the New York market, according to a person who is familiar with Koch's thinking.
The familiar people asked to remain unnamed because they are not justified to speak to the public in these matters.
According to Forbes, Koch and their family have a net value of 74 billion US dollars.
Both the New York Giants and a representative of Julia Koch refused to comment on CNBC on this matter.
Others were mentioned as possible investors in the Giants, including the former quarterback of the team Eli Manning, who said CNBC that he would be interested in investing in the team. It was also reported that the former owner of Milwaukee Bucks Marc Lasry and the former Giants Great Michael Strahan were interested in buying a piece of Giants.
In the NFL team ratings from CNBC published in September, the Giants had a value of 7.85 billion US dollars, which was among the fourth highest teams in the league.
Two people familiar with the matter informed CNBC that the situation in terms of investments in the Giants remains very fluid, with different people and groups talking to form a limited partnership in order to buy a share. According to another person who is familiar with the matter, the proportion is less than 10%.
In the past few months there has been a flood of limited partner sales of NFL teams in recent months. In December, an 8% participation in the Philadelphia Eagles was 8.3 billion dollars. Also in December, Ares Management and Joe Tsai, owner of BSE Global, minority investments in Miami Dolphin, Hard Rock Stadium, the Miami Grand Prix F1 race and about half of the Miami Open Tennis tournament. According to a person familiar with the sale, this share has an assessment of $ 8.1 billion. On Tuesday, the NFL approved the sale of 6.2% of the San Francisco 49ers for an evaluation of 8.6 billion US dollars, as a person familiar with this sale shows.
One reason for the high ratings, according to a sports banker who also asked to remain unnamed to speak freely, is that NFL owners voted in August to invest private equity companies in the teams, something that MLB, NBA and NHL had previously approved. The NFL Commissioner Roger Goodell said on Monday that the league would probably enable more private equity companies to shop in the NFL.
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