Reports: Koch family to buy 10% stake in Giants
The Koch family, known for their conservative political activism, has reportedly agreed to purchase a 10% stake in the New York Giants, one of the National Football League's (NFL) most valuable franchises. The deal, first reported by Bloomberg, is expected to be finalized in the coming weeks. The acquisition of the stake in the Giants marks the Koch family's foray into the world of professional sports ownership. The family, led by brothers Charles and David Koch, has a net worth of over $100 billion, making them one of the wealthiest families in the United States. The move is seen as a strategic investment for the Koch family, as they seek to diversify their business interests and potentially leverage the platform of a high-profile sports franchise. The Giants, valued at over $4 billion, are one of the NFL's most successful and recognizable teams, with a rich history and loyal fan base.
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