The National Football League on Wednesday approved the purchase of a 10% stake in the New York Giants by Julia Koch in a transaction that values the team at $10.3 billion, according to two people who are close to the deal but not authorized to speak publicly. The deal marks the highest valuation placed on an NFL team for a team sale.
The Giants are currently owned by the Mara and Tisch families. CNBC broke the news in May that Koch was looking to buy a limited partnership piece of the Giants.
The league also approved the sale of two other limited partner stakes, according to a person who is close to the approvals but does not have permission from the NFL to speak about them publicly. The person confirmed that Dean Metropoulos and private equity firm Sixth Street Partners bought an