New York Giants co-owner and chairman Steve Tisch is giving up his shares in the NFL team after his close ties to convicted sex offender Jeffrey Epstein were recently revealed, but will remain chairman of the board.
Tisch and his siblings, Laurie and Jonathan, have asked the league if they can transfer ownership to their children, according to an NFL memo obtained by Front Office Sports. ESPN first reported on the memo. The transfers would need to be approved by the league’s finance committee, the memo says.
The Tisch siblings will retain their front office roles with the Giants, a person familiar with the matter tells FOS; Steve is executive vice president and chairman of the board, Laurie is a board director, and Jonathan is the treasurer and a board director, according to the Giants’ website.
The Tisch family has co-owned the Giants with the Mara family for years; the families recently sold 10% of the team to Julia Koch and members of her billionaire family at a $10 billion valuation. Following that deal, the Tisch and Mara families each held 45% of the team.
This is a developing story and will be updated.
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