nfl
Eli Manning taps out of buying a piece of the Giants, calling it "too expensive"
Discussion
"Nobody can even count that high" said Eli, after he found out it would cost more that $7
Poor guy, we all know the highest number is 24.
You know whats funnier than 24?
28-3?
Bruh this was just mean. But with those flairs I get it
Holy fuck I love that this actually works
Ngl that was a dagger. Had to put my phone down and look at the trees
LMAO
Let me hear it!
26?
Plexico conceal carrying?
What
Mr Show has got to be one of the most formative comedy shows from my youth and also why my kids hate my sense of humor
My people!
First time I saw the “Why Me? Bob Lamonta” sketch where the functional kid is raised by mentally challenged parents, I still have not recovered
Bob just kills me in it
“Hey! Get another weird sandwich?”
I can’t
Got change for a dollar? Quarters mostly.
is this a Mr. Show reference in the wild? you absolute King of Shit Fuck Mountain
No, it's 27, the highest # of INTs he had in a season.
If he'd thrown 26, he could afford to buy the Giants.
He’s never thrown an interception?
Eli’s just sad he can’t spend as much money on haircuts as Kirk Cousins
“How many Peter Millar polos would it take to get partial ownership of a team?”
That’s the question all of the Mannings are asking.
You need Papa John’s money for that sort of thing.
Papa John’s got that sweat equity.
They definitely got the dough
They be counting that cheese
Damn, I only have hut hut Pizza Hut money
“Millennials are killing the NFL team ownership industry.”
He should buy a piece of the Chargers
And then demand those shares be traded for a stake in the Giants…
How much are two rings worth? Could be a great investment
He should buy a piece of the patriots, oh wait he already owns them
I’m going to go cry into a stack of Super Bowl trophies
You do that.
How many Super Bowl trophies do you have?
They have an NFL flair so technically all of them I guess?
Would be less weird than Brady buying part of the Raiders.
Speaking of which, Eli should also buy part of the Raiders.
He should buy 2% more than Tom
0.2% more than Tom, no reason to spend that much more to remind him of two
This made me chuckle
Archie steps in…
Are there rules about owning multiple teams? Doesn't he own New England?
Ouch, but yeah
Lmfao yeah he may need to talk to the league about that
9 year old me is deeply offended by this.
lol why the downvotes? Love this reaction
Lol buncha Pat haters
LOL upvote earned.
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Seems weird that Eli would have to put up $100,000,000 of his own money, instead of just putting a sizable, but much lower number up with a capital group behind him putting in the lion’s share. Eli should be the face of the group, getting this group in the door with the Maras, and put up a healthy $25-30 million, and sit back and let the billionaires actually float the purchase. No athlete, not even Brady, would put up $100MM as the article suggests.
Maybe Eli has no desire to be a glorified season ticket holder. Whoever buys the 10% of the team will have absolutely no say in team matters. Eli may be waiting to put together a group to buy a majority stake in a team.
He can basically get that already if the Giants hired him as an executive. Then they would still be paying him too.
I believe Eli already does have some sort of role in the organization.
After a quick Google, it seems like he has some kind of job in business ops and fan engagement, but it seems weird to me there’s no exact title
It could basically be chalked up as “Icon Ambassador”. What it looks like is the team sponsoring a variety talk show for him on YouTube and him popping up in promo / some events.
I’m like 95% sure I’ve read he gets consulted on football stuff now and then
He should get with his dad and brother and convince Gail to sell the saints. I've been wanting it for years.
The New Orleans Mannings would be awesome
An alternate reality type Netflix show similar to Running Point, where Peyton and Eli become the new owners of the New Orleans (alternate name) right before Arch’s draft year would be fire
Eli seems like he'd be a scrappy executive.
Like his football knowledge would be better than Peyton in terms of personnel and the like.
Investing in an NFL team is one of the most secure invests possible. It is limited to a handful of people. To be even capable of an investment of this magnitude is in and of itself an incredible achievement.
He cash poor.
I mean, it's also an investment.
putting in the lion’s share
The Lions are getting a share of the Giants now?
Is that legal?
Yeah it basically means they combine into 1 team.
Goff with Sun God, Nabers and Laporta
Hutchinson lining up alongside Sexy Dexy and Abdul Carter
I will make it legal.
Wouldn't surprise me if Magic Johnson put up 100 million for his portion of the Commanders.
I don't think the actual numbers are out there though. But there's like 13 "owners" of the commanders and it sold for 6.05 billion. Don't know how you even get a seat at that table for less than 100 million.
Don't know how you even get a seat at that table for less than 100 million.
By being Magic fucking Johnson.
Magic Johnson Enterprises is worth around $700 million so its possible he was able to pony up $100 million. But ya, him becoming the face of the Dodgers ownership smoothed a lot of things over in LA.
I mean yeah, if two people are offering 100 million to be part of your franchise and one of them is magic johnson I’m gonna choose magic.
I’m just saying I think he probably paid more than that.
I think Magic (or Magic + his business associates) put up $240M for their 4% stake in the Commanders.
100M is barely over 1% of the team. If an investor can't post 5%, they are not worth considering in these cases.
The Giants don't need Eli as a face. They will thrive valuation wise with or without him.
I’m not saying the Giants need Eli. I’m saying whatever capital group asked Eli to put up $100MM is overcharging him.
No...its really not.
Barely 1% is not a real offer for anything. They are being generous allowing him to do this for $100M.
1% of the team is 10% of the 10% stake in the team.
For the group buying the 10%, that's plenty significant.
Suggesting he'd have to buy half of the stake that the Giants are trying to unload is ridiculous.
Tbh if they want him to pay 100 mil it wasn’t a serious offer to begin with
I could also see Eli just not wanting g to deal with the investor buy too though lol
Isn’t that essentially what ARod did with the Timberwolves?
the lion’s share
Wrong team doofus
Only investment firms can afford sport orgs going forward. Pretty boring and makes me appreciate teams that stay within a family. Even though most of those family owned teams have fans demanding them to sell the team.
I mean, celebs and athletes are still buying MLS and NHL teams.
It’s really NFL, NBA, and MLB that are wholly unobtainable for even very wealthy people.
I was general but really meant the latter 3 you mentioned. As those are most popular.
Why do so many people start their post with I mean? I would hope everyone means every post they make.
To me, it’s better than saying “well actually” or just saying you’re wrong.
I agree with that, but let’s skip any prelude to the post. I mean, is giving “well actually” vibes with how common it’s gotten. Not singling you out, I see it everywhere and for some reason It irks me like when people share their opinion, mean it but then finish with “I don’t know”. It’s filler and does you no favors.
But I’m not big on writing or grammar so that’s just my 2 cents. +1 for responding genuinely.
I mean, it’s just Reddit. I don’t know
Valid points. Using “for some reason” like you did in your response is comparable to using “I mean.” Unnecessary and looks better when taken out.
Is there a celeb / athlete that bought an NHL team in the last 25 years?
Mario Lemieux
It’s because they’re essentially a mom and pop shop. They don’t have those investment firm funds, so can’t keep up with the spending.
I understand that for nba but is that a problem in nfl? Thought all teams made more than enough for salary cap.
Talk to Cincinnati.
Notoriously cheap owners that have owned the team forever. They never want to pay anybody, even in a salary cap league, and they cheap out on other aspects. Such as scouting, analytics, player training and recovery, facilities, etc.
It’s not the same as the MLB though, there’s a floor and it’s pretty damn high.
I’m not saying the bengals aren’t cheap, but in the NFL you are forced to pay players. Joe burrow is making a shit ton of money.
In the MLB you literally have teams on league minimums and a payroll less than one dodger players salary.
I get it, but player facilities go a long way for player happiness which leads to your good players wanting to resign and thinking about taking less money. Scouting and analytic departments are also so important now. There are teams that are 10 years ahead of others in this department.
NFL probably does have the most parity simply because of how much money each team gets with the revenue sharing, but some owners are more motivated to reinvest into their team than others.
Bengals currently have about $30M in cap space 7th most in the league and we are about to hit training camp.
They have this despite paying their QB and both WRs. Most teams who do that would be closer to $15M but Bengals don't like spending the extra.
They can still be cash poor by comparison. Like the raiders for example, all of Davis’ money is tied up in the Raiders. Most of the family owned teams were independently wealthy before they got into team ownership.
The league has profit sharing so every owner gets 1/32nd of the owners share of the revenue. Which I believe was in the neighborhood of 400 million per owner last year.
But "cash poor" owners have a hard time because of the way contracts have to be paid in escrow.
If you sign your star QB to a 250 million guaranteed contract, you need to have that 250 million in cash and pay it into an escrow account. And then add up all the other players on your team you're paying.
Plus things like stadium upgrades, new training facilities, coaches salaries...all of that comes straight out of the owners pocket.
I'm sure there's no shortage of people willing to lend an NFL team owner a loan, but investment groups definitely have a leg up when it comes to liquid cash.
Cheers for the elaboration
By agreement the salary cap is always a percentage of the league revenue. It is 55% of media revenue, 40% of local revenue, 45% of other venture/postseason revenue. It usually comes out to about ~48 +- 2% of yearly revenue.
Other negotiations are also happening yearly, 2024 cap jumped up so much from new TV deals that it was agreed to push $~10M pf cap increase into 2025 simply.
The owners have plenty of funds to pay the players and their agreements are always negotiated that payment of players will never be more than 50% of their annual revenue. The issue can come up on needing funds immediately as some owners may not have the cash to give to players now on signing bonuses and guarantees only to wait for the money to be paid to them in the future. Coaches payment also comes out from NFL owner revenue side/their pockets and contracts are fully guaranteed which can put strain on immediate funds if you are trying to outbid a competitor with signing bonuses, etc.
Not having as much immediate funds is why you see some teams (like the Steelers) be very strict with guarantees and signing bonuses on their contract. Rooney's unlike other owners don't have businesses they can pull funds from to pay upfront. They rely on team revenue. Steelers policy is to never guarantee more than 50% of a contract and signing bonuses typically do not exceed 1 year of salary. Rarely have they made exceptions to this. Non-bonus salary is paid out through weekly installments so it is much easier to fund.
This is the reason LeVeon Bell sat out for Steelers. The Steelers offer would have made him the highest paid RB in terms of salary/year but the immediate money in signing bonus and guarantees didn't match what other RBs had got. It matched the Steelers MO in guarantees. RB position being so risky those guarantees are important. Everything outside of guarantees in contract doesn't mean much as team can cut you whenever they feel your benefit doesn't out-weight your cost.
Some teams are worse as there is a cap floor (minimum you have to spend) and cap ceiling in NFL. Bengals for decades were known for just spending over that floor and nothing else. Even now they have $31M in cap space. Bidwells that own the Cardinals have always been similar. They have $36M in cap space right now.
NFL doesn't help as it rewards this behavior. Any unspent cap over the floor can be rolled over to the next season increasing the amount a team can spend that year. This is one reason why the Cardinals have so much room they only have project $15M in 2026. Likely wanting to roll good amount over. Other reason is just because Bidwells are cheap.
The fans are demanding them to sell because most of the family owners are cheap bastards who either don't care about winning, or are too inept to actually make an attempt at it. Investment firms represent a group that sees the value in winning, and will spend to get there. Fuck Jerry Reinsdorf
As a Pirates fan, for real though, they need to sell the damn team
Dude if you somehow think a family with the resources to have an NFL team as an asset is made up of people any different than those firms idk what to tell you.
dwayne wade owns like 1% of the utah jazz
he made $200 million in his NBA contracts, and likely about that in merch and shit.
it’s stupid expensive to own even a piece of any pro league
We demand they sell because they’re usually horrible owners. Bears, Bengals, Cardinals all would be much more successful being run by professionals.
It gets a lot more obtainable for the average person when its investment firms rather than families. Its just much less visible when its not a big name attached.
2/3 of private equity money comes from public pension funds, when investment funds buy a NFL/NBA/MLB team the money is actually coming from your local teacher, police and firefighters etc unions and their pensions.
Honestly prefer the Packers structure more. Public form of ownership through stockholders and a cap on the amount of stock any one individual is allowed to own.
Stock doesn't provide dividends or any rights to season tickets but they do allow voting rights on the decision and the funds raised from selling stock are used for things like stadium upgrades. Most recent stock sale was in 2021-2022, released 300k more shares at $300 a piece. In total they sold~194K more shares raising $64M. While that doesn't offset the cost of stadiums it does help minimize the burden shifted on taxpayers who often fund the majority of all stadium projects including major renovations. 2011 & 2013 stadium renovations and expansions were paid for entirely by the team at least half of the funds coming from the public stock sale.
I'd rather the people that want to fund their teams do so to promote renovations than the money coming out of state funds. (Though the state primarily funded Lambeau renovation in 2000 laid for with a sale tax increase and other fees. At least that was the last time they have had the state funds pay for their renovations as it should be.)
He will, however, continue to own Tom Brady's nightmares.
Eli is going to swoop in and become a bigger minority owner of the Raiders and then buy out Tom's shares
Nick Foles placed a sizable bid on those
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Come on man don’t be like that. Eli does kind of own us lmao.
Aaand coward went and deleted the comment lol
3li would've done it
Mr. Big Cost
Shaq couldn't afford to buy Six Flags and Trevon Diggs couldn't afford his rent. Eli's in good company
I don't know what's "too expensive" for Eli, but there are few investments I'd be as excited about than an NFL team. The issue is the Giants are currently valued at between $7.3 and $7.85 BILLION. I can see that appreciating by 20 percent over ten years, but the buy-in today has to be incredible.
He's now looking at the Browns
Makes sense tbh. I really think NFL franchises are trending towards being white elephants, albeit more profitable.
Why buy the Giants when he already owns the Patriots?
Hmm, I thought he owned part of the Patriots.
He can’t own both the Patriots and the Giants anyway.
At least didnt say waste of money
Didn't even offer a free medium soda
Mr. Manning, have you considered the cost of not buying the Giants?
If he really wanted to be an owner he’d get the NY state to pay for his part of the team with taxes.
Relatable
Only cost me $250, what a cheapskate.
Too expensive means “ain’t fucking worth it”
He and Foles should buy a joint share in the Patriots.
So, I read that Eli & Nick Foles should buy a joint to share, as true American patriots.
(Reading Comprehension isn’t one of my talents…)
Or just realized its a bad investment.
Poor Eli
I’d figure it’s illegal for him to have ownership in the Patriots and the Giants anyway
Robert Kraft was obligated to send a couple of donations to the Make-A-Wish Foundation.
16-0 is a hell of a donation
That was the Devil's cut...
It's not too expensive. That implies it's not worth the price.
It's probably not in his price range or unaffordable.
Based on the trends and unless something unforeseen occurs in the next whatever amount of time, football teams are not going to get less valuable. It's a fantastic investment, if you have the liquid or borrowing ability to buy in.
It's probably not in his price range or unaffordable.
Bingo. And to be clear, the Mannings are wealthy many times over.
Buying a football team (even a stake in one) is a different level of wealth though.
I have $20, what can that get me?
A hot dog
Damn hot dogs are a premium item these days.
You haven't been to any stadiums outside of Cincinnati recently ,have you?
I don't live in Cincinnati. I've unfortunately never been to an NFL game. Bit of a drive it would be lol
Be should look into the patriots as he's already a partial owner
Already owns the pats so I could understand why he doesn’t need anymore teams
A long as it’s not the Koch widow
hmm I might as well take a crack at it myself. what're we talking here, One? Two? Maybe even three? I've got three.
Yeah same reason here Eli. Just not financially responsible for me at this time.
Guess they’ll just have to sell shares to anyone
Not everyone has that Tom Brady money
Eli should donate some money to the struggling owners so the next promotion can be a large Pepsi.
"Garbage shouldn't have that high a price tag."
Me too, Eli
Overpriced
Hasnt there been a long-running theory that the manning family has been trying to buy ownership rights in a team?
Sell a Super Bowl ring to Brady
I’d buy a medium Pepsi’s worth
why doesn't he ask Arch for a loan?
Hilarious in concept but I get why not
More like “not worth it”
If you own a piece of an NFL team, do you get a % of the yearly profits? Or do you only get your investment back when they sell the team?
After they fucked Eli he should have burned that franchise to the ground
Aka, it’s a bad investment and ain’t gonna make no money
You don't want any piece of that dog shit franchise, Legend. Especially how they did you after all you did for them.
Good for Eli. Fuck those guys
For that POS team, he right. Damn Eli cheap..
This is actually the same reason I'm not buying a piece of the Giants
Eli is one of us.
always was
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i mean, at this point, who hasn't?
looks at feet
Eyes up here, Quentin.
Damn I didn't know Nick Foles was trying to buy the Giants
Has Nick Foles defeated Brady in 2 Super Bowls??
Skill issue
If "we", as in everyone who is uninterested in buying the New York Giants, have collectively beaten Tom Brady in 2 Super Bowls, that implies that Nick Foles is interested in buying the Giants. If Foles is not interested in buying the Giants, then "we" have collectively beaten Tom Brady in 3 Super Bowls.
Aren’t you a part owner of a team already? Why would you want to own another team?
What? What does that have to do with anything?
I am uninterested in buying the Giants, as is Eli Manning, and Yakobee, and you I assume. Unless I misinterpreted, Yakobee was saying everyone who is uninterested in buying the Giants has collectively beaten Brady in two Super Bowls (Eli has won two, everyone else has combined for 0). I was simply pointing out that Nick Foles could also be added to that group (unless he really is trying to buy the Giants) but I guess I whiffed on the delivery.
Lol idk man, this is getting out of control. GOOD DAY, SIR.
I’ll never forget when he said his wife doesn’t let him use the oven and he’s never thrown an interception in his AMA.
We're both undefeated against Brady in the Super Bowl. 💪
My name is Manning and I’m a Raider fan,imagine how happy I am that he kept Brady from two more.
WE kept Brady from 2 more. He didnt beat either of us.
My net worth is closer to Eli's than Eli's is to any majority NFL owner.
Why buy the Giants when you own the Patriots for free?
Bahahaha
Underrated
And between the two of you, you average a SB each, congrats.
@BlakeBortlesFacts right there
He is just like me fr
I’m actually not buying a piece of the Giants because they suck, I’m not a billionaire, and I hope they fail.
I mean even the worst NFL team should still net a profit.