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Koch family agree $1bn purchase of Giants stake
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Pending sale values franchise at record $10bn
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Move adds to Kochs’ growing sports portfolio
The New York Giants have agreed to sell a minority stake to Julia Koch and her family in a deal that values the storied NFL franchise at more than $10bn, the highest valuation ever for a sports team.
According to multiple reports, the Kochs will pay more than $1bn for a 10% interest in the team. The transaction is expected to be presented to the league’s other owners for approval when they meet in October.
