Steve Tisch, co-owner of the New York Giants, along with his siblings Jonathan and Laurie, is planning to transfer their combined ownership stakes in the franchise to trusts for their children. The move, which requires approval from the National Football League, would affect a stake valued at roughly 23 percent of the team. The Giants were last valued at $10.3 billion in 2023.
The transfer follows recent public attention on Steve Tisch due to his documented association with Jeffrey Epstein, the convicted sex offender. Tisch's name appeared in emails released earlier this year, showing exchanges ranging from casual conversation to discussions involving Epstein's attempts to arrange meetings with women. Tisch has denied any wrongdoing, stating he never accepted Epstein's invitations and expressed regret for the association.
Neither the NFL nor the New York Giants have publicly commented on the proposed ownership transfer. The club typically maintains discretion regarding internal ownership matters. Sports franchises often see ownership stakes passed down through family trusts as part of estate planning and succession.
Steve Tisch, who is 77 years old, has not faced any criminal allegations. The transfer to the next generation would align with common practices among sports team owners to ensure continuity of family involvement in ownership. The exact timeline for the approval process by the NFL has not been disclosed.