After initially becoming interested, former New York Giants quarterback Elli Manning chose not to buy ownership of the team, saying it was “too expensive for me.”
The Giants said in February that they were putting limited stocks into the market for the team.
Forbes’ Giants’ final valuation was $7.3 billion, but CNBC estimated it to be $7.3 billion.
“Basically, that’s too expensive for me.” Manning told CNBC Sports. “These figures are getting really big. …A 1% stock worth $10 billion will turn into a very large number.
“I love the Giants and I think it deserves its reputation. There are people who want it.
Manning, the two-time Super Bowl MVP with the Giants, whose No. 10 was retired by the team, said that involvement in ownership would create “many conflicts” with his current projects, including his role as a broadcaster at ESPN.
“It was really a matter of some complications of the fact that I’m on the air. I can’t talk to players. I coach at the Pro Bowl. I’m in high school football camp where college students come.
“There was a lot of conflict and that would affect my day’s work, so I had to get out of the Giants’ deal.”
The Mara and Tish families each own 50% of the Giants. John Mara and Steve Tish have taken control of the organization on behalf of their families since their father’s death in 2005.
Steve’s father, Bob Tish, bought 50% of the Giants in 1991 for about $75 million. John’s grandfather, Tim Mara, founded the team in 1925 for $500.
