Happy New Year 2025

Tag: sell

Giants looking to sell minority stake in team: report

The New York Giants are looking to sell up to a 10% stake of the team, according to Sports Business Journal.

The Giants released a statement about the report Thursday.

“The Mara and Tisch families have retained Moelis & Company to explore the potential sale of a minority, non-controlling stake in the New York Giants. There will be no further comment in regard to the process,” the statement said, according to The Athletic.

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President and CEO John Mara stands on the sideline before a game against the Indianapolis Colts at MetLife Stadium Dec. 29, 2024. (Imagn)

The Mara and Tisch families each own 50% of the franchise.

Tim Mara, current owner John Mara’s grandfather, established the franchise in 1925 for $500.

Bob Tisch, father of current owner Steve Tisch, bought half the team from the Mara family in 1991 for about $75 million.

AT LEAST 2 PEOPLE SHOT NEAR EAGLES’ SUPER BOWL PARADE CELEBRATION: REPORTS

New York Giants helmets on the sideline during a game against the Pittsburgh Steelers during at Acrisure Stadium. (Charles LeClaire/Imagn Images)

Forbes’ most recent valuation of the Giants came in at $7.3 billion, making it the fourth most valuable franchise in the NFL.

Only the Dallas Cowboys ($10.1 billion), Los Angeles Rams ($7.6 billion) and New England Patriots ($7.3 billion) had higher values.

The sale of the team would not change much for the Giants because the Mara and Tisch families would still control the franchise.

The reason for the sale of the team is unknown, according to the report.

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New York Giants co-owner John Mara watches warmups before a game against the New Orleans Saints at MetLife Stadium. (Brad Penner/Imagn Images)

If the Giants received roughly 10% of their last Forbes evaluation, they would end up with around $700 million from the sale.

The Giants have the worst record in the NFL over the last eight seasons, but because they play in such a large market and have had success in the past, there should be plenty of interest.

The Giants went 3-14 in 2024 and have the No. 3 pick in the NFL Draft.

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Ryan Canfield is a digital production assistant for Fox News Digital.

February 15, 2025
$Colombia’s president orders national oil company to sell US fracking operation after backing down to Trump$

Colombia’s president orders national oil company to sell US fracking operation after backing down to Trump

Walser Wealth Management President Rebecca Walser and Culture+Group CEO and co-founder Lili Gil Valletta discuss which world leaders will cave to President Trump’s tariff threats on ‘Making Money.’

Colombian President Gustavo Petro ordered his country’s state-run oil company to sell off its operations in the U.S. on Tuesday, saying they would reinvest the funds into green energy.

Petro announced the move during a televised cabinet meeting this week, arguing the company, Ecopetrol, cannot be “for death and not for life.” The order relates to a planned joint venture between Ecopetrol and the U.S.-owned oil company Occidental Petroleum, or Oxy. The deal was set to produce some 90,000 barrels of oil per day, but Petro now says he opposes it because it relies on fracking.

“I want that operation to be sold, and for the money to be invested in clean energies,” Petro said in the meeting. “We are against fracking, because fracking is the death of nature, and the death of humanity.”

“There is no other way for humanity but to stop the path of fossil fuels,” he added. “This is not happening because the oil companies are beating us, because we are afraid of them. I am not afraid of them.”

A VICTORY FOR TRUMP’S ‘FAFO’: HOW THE WHITE HOUSE STRONG-ARMED ONE-TIME CLOSE ALLY COLOMBIA OVER IMMIGRATION

Colombia’s selloff of oil efforts in the U.S. comes after President Donald Trump threatened massive tariffs against the contry. ( Chip Somodevilla/Getty Images / Getty Images)

The move comes just weeks after Petro backed down to President Donald Trump and allowed the U.S. to move forward with deporting Colombian illegal immigrants out of the U.S. and back to their home country.

COLOMBIAN LEADER QUICKLY CAVES AFTER TRUMP THREATS, OFFERS PRESIDENTIAL PLANE FOR DEPORTATION FLIGHTS

In late January, American officials sent two flights of Colombian illegal aliens as part of Trump’s deportation program. Petro rejected the flights, writing that the U.S. cannot “treat Colombian migrants as criminals.”

Trump struck back immediately, vowing 25% tariffs on all goods from Colombia, a travel ban on Colombian government officials and other steep financial sanctions. He said the tariffs would reach as high as 50% by next week and insisted the migrants being sent back were “illegal criminals.”

Colombian migrants stand in shackles as they prepare to enter a plane for deportation at the Marcos A. Gelabert de Albrook Airport in Panama City. (AP Photo/Agustin Herrera / AP Images)

Petro initially retaliated with his own 25% tariffs on Colombian exports into the U.S., insisting he would not accept the return of migrants who were not treated with “dignity and respect” and who had arrived shackled or on military planes.

But amid intense political pressure from within his own government, the former Marxist guerrilla fighter acquiesced to U.S. demands.

President Trump signed dozens of executive orders on his first day in office, and he continues to sign more. (Melina Mara-Pool/Getty Images / Getty Images)

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The White House confirmed later that weekend that Colombia’s president had caved “to all of President Trump’s terms, including the unrestricted acceptance of all illegal aliens from Colombia returned from the United States, including on U.S. military aircraft, without limitation or delay.”

Fox News’ Michael Dorgan, the Associated Press and Reuters contributed to this report

February 5, 2025
Trump Commerce secretary pick vows to sell all his business interests if confirmed

Kudlow panelists Sen. Eric Schmitt, R-Mo., and Sen. Tommy Tuberville, R-Ala., unpack the president-elects economic team picks and ideas.

President Donald Trump’s nominee for secretary of Commerce, billionaire Howard Lutnick, says he will sell all of his business interests if confirmed in order to prevent any conflicts of interest.

Howard Lutnick testifies during his Senate Committee on Commerce, Science, and Transportation confirmation hearing on Jan. 29, 2025, in Washington, D.C. (Kayla Bartkowski/Getty Images)

“My plan is to only serve the American people. So I will divest – meaning I will sell all of my interests, all of my business interests, all of my assets, everything,” Lutnick, the CEO of investment firm Cantor Fitzgeral said during his confirmation hearing on Wednesday before the Senate Committee on Commerce, Science, and Transportation.

HOWARD LUTNICK, TRUMP COMMERCE SECRETARY PICK, SAYS IT’S ‘NONSENSE’ THAT TARIFFS CAUSE INFLATION

“I’ve worked together with the Office of Government Ethics, and we’ve reached agreement on how to do that, and I will be divesting within 90 days upon my confirmation,” he told the committee. “So I should have no business interests, therefore no conflicts of interest.”

Howard Lutnick has vowed to divest all his business holdings within 90 days if he is confirmed to lead the Commerce Department. (Christopher Goodney/Bloomberg via Getty Images / Getty Images)

Lutnick’s pledge would be no small feat to carry out. The Associated Press noted that his financial disclosures show he has positions at more than 800 businesses and other private entities.

PRESIDENT TRUMP, HIS ADMINISTRATION AND CONGRESSIONAL LEADERS: THEIR SALARIES

Lutnick, 63, joined Cantor Fitzgerald fresh out of college and has led the firm since 1991. But he said it will be time to pass the baton if he is confirmed to lead the Commerce Department.

Donald Trump, then the Republican presidential nominee, and Cantor Fitzgerald CEO Howard Lutnick attend Annual Charity Day hosted by Cantor Fitzgerald on Sept. 12, 2016, in New York City.

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“I made the decision that I’ve made enough money in my life. I can take care of myself. I can take care of my family,” Lutnick told the committee, adding, “It is now my chance to serve the American people. And so, upon confirmation, my businesses will be for sale and someone else will lead them going forward.”

January 29, 2025
Eagles sell dirty snow from playoff game vs. Rams to fans for $50, and it sells out in hours

The Philadelphia Eagles attempted to make money by selling cartons of snow for $50 each to their fans, and it worked.

The team is officially sold out of pints of memorabilia snow at Lincoln Financial Field during the playoff game against the Los Angeles Rams last Sunday. The Eagles won the game 28-22 in snowy conditions to advance to the NFC Championship game, so the team memorialized the snow by collecting it, putting it into ice-cream style pints and selling it for the $50 price tag.

It sold out in less than three hours.

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Fans look on in the snow during the fourth quarter between the Philadelphia Eagles and the Los Angeles Rams in the NFC Divisional Playoff at Lincoln Financial Field on January 19, 2025 in Philadelphia, Pennsylvania. (Mitchell Leff/Getty Images)

The game had a recorded attendance of 69,879. Many of those fans could have simply taken the snow at the stadium with them for free.

The conditions of the game are believed to have played a role in the result and have benefited the Eagles, as Rams players committed multiple drops, fumbles and incomplete passes that appeared to be impacted by the snow.

The team claims their snow is the first-ever authenticated snow collectible tied to an NFL playoff win and “sets a new standard in the world of sports.”

“The Philadelphia Eagles’ divisional-round victory over the Los Angeles Rams on January 19, 2025, will forever be remembered for being a snow covered victory!” the product description on the team’s website read.

“To commemorate this incredible achievement, authenticated snow was collected directly from the end zone at Lincoln Financial Field immediately after the game. This isn’t your typical piece of memorabilia—it’s a tangible, frozen snapshot of the grit, passion, and determination that defined the iconic game. By preserving and authenticating the very snow that surrounded this monumental game, fans are offered a once-in-a-lifetime opportunity to connect with the playoff experience like never before.”

While the Eagles organization has monetized snow, the fans have a reputation for weaponizing it.

5 MOST INFAMOUS FAN MOMENTS IN SPORTS

A general overall interior view of Lincoln Financial Field as the snow falls during the second half of the NFC Divisional Playoff game between the Philadelphia Eagles and the Los Angeles Rams at Lincoln Financial Field on January 19, 2025 in Philadelphia, Pennsylvania. (Brandon Sloter/Getty Images)

Former Dallas Cowboys star linebacker DeMarcus Ware told Fox News Digital that Eagles fans once hurled snowballs stuffed with batteries at his mother during a game his rookie year in 2005.

“My rookie season when my mom was in the stands, I told her not to wear my jersey, and she was in the front row, and we’re up there in Philly. They were putting batteries in snowballs and throwing them, and one of them hit my mom,” Ware said. “I turned around at the time, and I didn’t care about football anymore. I wanted to go get the guy who was in the stands. But I didn’t.”

Los Angeles Rams defensive end Jared Verse says Eagles fans hurled snowballs at him after Sunday’s game after he made comments about “hating” the fans to reporters in the week leading up to the game.

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Grounds keepers run onto the field during the game with snowblowers to clear the lines in blizzard conditions during the NFC Divisional playoff between the Eagles and the Rams at Lincoln Financial Field on January 19, 2025 in Philadelphia, Pennsylvania. (Gina Ferazzi / Los Angeles Times via Getty Images)

“After the game, I was walking into the locker room, and they’re throwing snowballs,” Verse told The Philadelphia Inquirer.

In 1968, when a man dressed as Santa Claus walked out onto the field. He was booed relentlessly by fans who were upset about a disappointing season and hurled snowballs at him as well.

Eagles fans have garnered negative national attention in recent weeks after one of their own, New Jersey man Ryan Caldwell, was seen in a viral video verbally berating a woman with vulgur slurs during the team’s first playoff game against the Green Bay Packers on Jan. 12.

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Jackson Thompson is a sports writer for Fox News Digital. He previously worked for ESPN and Business Insider. Jackson has covered the Super Bowl and NBA Finals, and has interviewed iconic figures Usain Bolt, Rob Gronkowski, Jerry Rice, Troy Aikman, Mike Trout, David Ortiz and Roger Clemens.

January 23, 2025