Floyd Mayweather
Desires To Purchase Stake In New York Giants
Placing Large Provide Collectively
Printed
Floyd Mayweather desires 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 realized that 47-year-old Mayweather and his enterprise associate, distinguished actual property magnate, Meyer Orbach, are placing collectively a suggestion. There’ll doubtless be one other rich investor added to the group, per what we’re being advised from our sources.
We’re advised the provide shall 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 am unable to remark additional than that,” Orbach advised us.
FYI, Meyer is not any stranger in terms of shopping for a professional sports activities franchise. He owns just below 20% of the Minnesota Timberwolves.
The franchise, which was based in 1925 and boasts one of many richest histories within the sport, is price an estimated $7.5 billion, in response to Forbes.
In fact, it just lately got here to mild that John Mara, grandson of group founder Tim Mara, and Steve Tisch, homeowners of the New York Giants, wished to promote a part of their stake within the NFL group.
As for whether or not Mayweather would obtain assist from group homeowners … we’re advised Floyd’s already acquired letters of assist from two, in response to our sources.
We reached out to the boxing star, however Mayweather declined to remark.
