Giants Selling Minority Stake At $4 Billion Valuation

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Giants Selling Minority Stake At $4 Billion Valuation 

Post#1 » by RealGM Wiretap » Tue Apr 30, 2024 9:56 pm

A small minority stake in the San Francisco Giants has been put up for sale at a valuation of $4 billion.

The Giants are owned by around 30 partners, including former catcher Buster Posey and investor Arctos Sports Partners. Charles B. Johnson, 91, a former chief executive officer of Franklin Templeton Investments, holds the largest stake at about a quarter.

The stake is less than 5% and related to estate planning.

The Giants were purchased in 1992 for $100 million. Since building Oracle Park in downtown San Francisco, the Giants have become one of the more profitable teams in the MLB.

Via Giles Turner/Bloomberg

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