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Steve Tisch, co-owner of the New York Giants, along with his siblings Jonathan and Laurie Tisch, is preparing to transfer their collective ownership stakes in the NFL franchise to trusts benefiting their children. The move, which requires approval from the NFL, concerns a combined stake estimated at roughly 23%, according to sources familiar with the matter. The Giants, valued at $10.3 billion last year, rank among the most valuable sports franchises—a reflection of both their brand strength and New York’s robust sports market.

Ownership transitions within family-held sports franchises are common as executives look to ensure long-term stewardship and succession planning. Steve Tisch, 77, has been a prominent figure in the Giants’ leadership since joining the ownership group decades ago. This planned transfer aligns with similar moves by other high-profile sports owners aiming to consolidate family control for future generations.

The announcement arrives amid renewed public scrutiny surrounding Tisch’s past association with convicted sex offender Jeffrey Epstein. Documents released earlier this year revealed extensive email exchanges between Tisch and Epstein, ranging from business discussions to personal interactions. Tisch has denied any wrongdoing, emphasizing he never engaged in illegal activity or visited Epstein’s private island. Both the NFL and the Giants declined to comment on the ownership transfer, and the league has yet to confirm the approval process.

This ownership reshuffle will be closely watched by New York’s business and sports communities, as it not only impacts one of the city’s iconic franchises but also reflects broader trends in sports franchise governance. For the Giants, maintaining stable and transparent leadership is critical as they navigate competitive pressures on and off the field, alongside evolving fan expectations and commercial opportunities in the New York market.