Floyd Mayweather Eyes NFL Stake, Aims to Buy 10% of New York Giants

Retired boxing champion Floyd Mayweather is venturing into the NFL arena by spearheading a consortium aiming to acquire a 10% share of the New York Giants.

TMZ Sports reports that Mayweather has teamed up with real estate mogul Meyer Orbach to submit a $700 million bid for part of the football franchise.

While the specifics of the bid are still under wraps, Orbach hinted at their broad ambitions. “My partners and I are always looking at different opportunities, including ownership of sports teams,” Orbach said, without divulging further details.

The New York Giants, valued at $7.5 billion by Forbes, are partially on the market as owners John Mara and Steve Tisch look to sell a portion of their stake. This opens a window for Mayweather and his group to potentially join the ranks of NFL team owners.

Mayweather’s interest in New York investments isn’t new. In recent months, he has significantly expanded his real estate portfolio in the city. In October, he was reported by The Real Deal to have invested $402 million in an affordable housing project encompassing over 60 buildings in Manhattan.

This was followed by a substantial commitment to 601W Companies, linking him to a portfolio valued at $10 billion, including 18 buildings and 10 million square feet of office space.

Before his dealings with 601W Companies, Mayweather invested $100 million with another office landlord, SL Green. He shared his strategy in a statement, “New York City is the center of the world.

A wise person once told me if you buy real estate in New York and you hold on to it over the years, you will always make money and win.”

Adding to his ties with New York, Mayweather has also recently taken up residence in a duplex apartment at the Baccarat Hotel and Residences in Midtown Manhattan, costing him $100,000 a month.