Floyd Mayweather’s ambition knows no bounds—the sky’s the limit for him. It seems he won’t stop until he’s got his iron in every fire when it comes to the business world. This drive likely stems from his humble beginnings, growing up in poverty. Today, Mayweather doesn’t just flaunt his undefeated 50-0 record in boxing; he’s also built an empire of real estate stretching across New York. But to think that he’ll settle for just that would be a huge mistake. Floyd Mayweather just turned 48 a few days ago. And he made sure to make it memorable.
Yesterday, Floyd Mayweather appeared on ‘The Tonight Show’ with Jimmy Fallon. The two were seen chatting about everything from Mayweather renting out movie theaters and turning them into spas, to his sports nutrition brand One on One, to his charitable contributions during the L.A. wildfire crisis, and much more. But what really grabbed the attention was something else. Now, whispers suggest that Mayweather has set his sights on something even bigger—the New York Giants. Or at least, that’s what’s making waves in the media. But what exactly did he have to say about this? And just how much of a stake is he looking to claim?
Floyd Mayweather speaks his piece of ‘buying New York’
The conversation started with Fallon mentioning a rumor he had read about The Pretty Boy possibly acquiring a stake in the New York Giants. The 48-year-old, with his signature cryptic style, didn’t confirm or deny the speculation outright. “We just don’t ever know. Certain things we can talk about. But certain things we can’t talk about,” he responded bluntly. But why? Money Mayweather explained that too.
November 15, 2023, Los Angeles, California, USA: Floyd Joy Mayweather Jr. attends the regular season NBA, Basketball Herren, USA game between the Los Angeles Lakers and the Sacramento Kings on Wednesday, November 15, 2023, at Crypto.com Arena in Los Angeles, California. The Lakers lose to the Kings, 125-110. JAVIER ROJAS/PI Los Angeles USA – ZUMAp124 20231115_zaa_p124_026 Copyright: xJavierxRojasx
He hinted that there were confidential details, likely involving paperwork, that prevented him from making the announcement official. “Because certain paperwork, I should say,” the Grand Rapids native answered.
When Jimmy Fallon in an effort to get more answers regarding the deal pressed him about whether he might be spending more time in New York, Mayweather casually mentioned, “I live in NY.” The host of the NBC show then brought up Mayweather’s real estate ventures, jokingly stating that it seemed like Mayweather had bought the entire New York. Floyd Mayweather laughed it off, responding, “I didn’t buy New York,” but went on to express his belief that “everyone should own a piece of earth,” and that New York real estate is a solid investment.
But what’s the development regarding him buying the NFL team headquartered in New Jersey at the moment?
What’s behind Mayweather’s $700 million deal?
Here’s the scoop. Floyd Mayweather is reportedly teaming up with investors to buy a 10% minority stake worth $700 million in the New York Giants. Sounds crazy, right? But the team is valued at around $7 billion, so it makes sense in that context.
Now, why are the Giants even selling part of the team? Well, the Mara and Tisch families, who currently own the team, have decided to sell a non-controlling stake. They’re not giving up control, though, just opening the door for outside investors. This is likely because NFL teams’ valuations are skyrocketing, and new investors, like Mayweather, are eager to jump in.
Wouldn’t it be wild if Mayweather became one of the few former athletes to own part of an NFL team? If the deal goes through, he could be setting a major precedent. And honestly, the Giants would get a nice cash boost without losing control, since Steve Tisch and John Mara would still hold the reins of the team.
Quick background on the team—did you know the Giants were founded in 1925 by Tim Mara? It’s stayed in the Mara family ever since, and in 1991, Preston Robert Tisch came in with a 50% stake. Crazy history, right?
With that said, what do you think about Mayweather entering the NFL ownership game?
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