We’re talking about one of the most important and historic franchises in the NFL. The New York Giants set a high bar, even for a billionaire like Floyd Mayweather. According to TMZ, Mayweather is interested in acquiring a 10% stake in the team.
Floyd Mayweather’s High-Level Investment
Recent estimates place Floyd Mayweather’s net worth at around $1.5 billion. While this seems like a high amount, it might not be sufficient for his new ambition with the New York Giants. Therefore, many sources suggest that the boxer will need to partner with another millionaire investor to make an attractive offer to the team.
In this case, Floyd Mayweather has the support of his business partner, notable real estate mogul Meyer Orbach. By combining their fortunes, they could reach an interesting figure for the New York Giants. There is also the possibility that a third wealthy investor might join in.
Impeccable Financial Management
According to TMZ, the offer from the group led by Floyd Mayweather is around $700 million. They reportedly intend to submit the proposal as soon as possible. In fact, they have already transferred about $200 million as a guarantee.
“My partners and I are always looking for different opportunities, including owning sports teams. I can’t comment further on this,” said Orbach.
While it might seem like an ambitious goal, these are the kinds of financial moves and transactions that make Floyd Mayweather a mogul. The athlete has the business acumen and agility needed. Additionally, he is well-versed in the sports industry. His partner also has experience, owning nearly 20% of the Minnesota Timberwolves’ shares.
The New York Giants
If this becomes a reality, it would be a masterstroke by Floyd Mayweather, showcasing the power of wealth. The New York Giants have an elite history in the NFL. The franchise has 6 Super Bowl rings to date, but its estimated value is even more impressive. According to Forbes, the New York Giants are valued at $7.3 billion, ranking 7th among the world’s most valuable sports franchises.
For Floyd Mayweather, the investment might be substantial. However, it would grant him a stake in the lucrative NFL industry, a league that generates over $18 billion in annual revenue.
To date, boxing star Floyd Mayweather has not commented on the matter. But if the purchase materializes, we might find out soon.
