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Giants co-owner Steve Tisch, siblings reportedly ask to transfer stakes to children as NFL looks into Jeffrey Epstein ti
New York Giants co-owner Steve Tisch is looking to give up his stake in the team as the NFL looks into his ties with convicted sex trafficker Jeffrey Epstein, according to ESPN.
Tisch and his siblings Laurie and Jonathan, the children of the late Preston Robert Tisch who purchased a 50% stake in the team in 1991, are reportedly requesting to transfer their remaining stakes in the franchise to their children. Per the memo, none of them will have any interest in the team following the transactions:
"Prior transfers to these Trusts were completed pursuant to 2023 and 2024 Finance Committee approvals," the memo, dated March 11, states. "The Sellers now propose to transfer their entire remaining interests, totaling 23.1% of the Club, to the Trusts. ... Following the transactions, the Sellers will no longer own any interest in the Club."
In total, the Giants franchise was valued by Forbes at $10.1 billion last August, making it the third most valuable team in the NFL.
https://sports.yahoo.com/nfl/article/giants-co-owner-steve-tisch-siblings-reportedly-ask-to-transfer-stakes-to-children-as-nfl-looks-into-jeffrey-epstein-ties-173224284.html