On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the latest in a high-profile NFL stake sale.
The owners of the New York Giants are looking to sell about 10% of the franchise, and it’s drawn interest from one of the team’s most famous former players. Michael Strahan has teamed up with billionaire Marc Lasry to pursue an investment, Sporticoreported on Monday. The team is hoping to divvy up that equity among a handful of individuals or families.
Notably, private equity is not on the team’s radar right now. The hosts also talk about another former Giants star, Eli Manning, who was in talks to join Lasry and Strahan but chose not to because of business conflicts. Sportico values the Giants at $7.65 billion, but NFL teams have been selling minority stakes of late for valuations that are higher than the control price. The Philadelphia Eagles are an example of that.
Next the hosts discuss Warren Buffett, who announced this weekend that he was stepping down as CEO of Berkshire Hathaway. The billionaire, nicknamed the Oracle of Omaha, has been explicit over the years that he was not interested in investing in sports teams. They talk about why that is, and how it compares with a different billionaire (Mike Bloomberg) who showed indifference toward sports up until he invested in the Baltimore Orioles and—soon—the Minnesota Timberwolves.
They close with discussions of other big sports news, including President Donald Trump announcing that Washington, D.C., would play host to the 2027 NFL Draft, and San Antonio Spurs coach Gregg Popovich retiring with more than $200 million in career earnings.
(You can subscribe to Sporticast through Apple, Google, Spotify, YouTube, or wherever else you get your podcasts.)
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On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the latest in a high-profile NFL stake sale.
The owners of the New York Giants are looking to sell about 10% of the franchise, and it’s drawn interest from one of the team’s most famous former players. Michael Strahan has teamed up with billionaire Marc Lasry to pursue an investment, Sportico reported on Monday. The team is hoping to divvy up that equity among a handful of individuals or families.
Notably, private equity is not on the team’s radar right now. The hosts also talk about another former Giants star, Eli Manning, who was in talks to join Lasry and Strahan but chose not to because of business conflicts. Sportico values the Giants at $7.65 billion, but NFL teams have been selling minority stakes of late for valuations that are higher than the control price. The Philadelphia Eagles are an example of that.
Next the hosts discuss Warren Buffett, who announced this weekend that he was stepping down as CEO of Berkshire Hathaway. The billionaire, nicknamed the Oracle of Omaha, has been explicit over the years that he was not interested in investing in sports teams. They talk about why that is, and how it compares with a different billionaire (Mike Bloomberg) who showed indifference toward sports up until he invested in the Baltimore Orioles and—soon—the Minnesota Timberwolves.
They close with discussions of other big sports news, including President Donald Trump announcing that Washington, D.C., would play host to the 2027 NFL Draft, and San Antonio Spurs coach Gregg Popovich retiring with more than $200 million in career earnings.
(You can subscribe to Sporticast through Apple, Google, Spotify, YouTube, or wherever else you get your podcasts.)
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