Giants co-owners John Mara and Steve Tisch hired Moelis & Company to explore a potential sale of a minority, non-controlling stake of the team.

Retired New York Giants quarterback Eli Manning says he is backing out of his bid to purchase a stake in his former team.

He may have a famous name, a built-in fan base and a Hall of Fame career, but Eli Manning says an ownership stake in his former team, the New York Giants, is “too expensive for me.”