Billionaire Julia Koch Set To Buy $1 Billion Stake in New York Giants—Months After Offloading $45 Million Apartment

Billionaire Julia Koch and her family have reportedly agreed to buy a historic 10% minority stake in the New York Giants at a record valuation of $10 billion—marking the first time in more than 30 years that a new dynasty will join the NFL franchise's ownership group.

The $10 billion valuation of the team makes it one of the most expensive franchises in the NFL, topped only by the Dallas Cowboys at $12.5 billion and the Los Angeles Rams at $10.7 billion, according to CNBC.

While the deal has yet to be finalized, it is expected that the agreement will be presented to other NFL owners in October, according to Bloomberg, which marks one of the final hurdles in cementing the historic sale.

Majority ownership of the Giants still remains in the hands of the Mara family, which has owned the team since it became one of just five franchises to join the league in 1925, having been founded by bookmaker Tim Mara with an investment of just $500.

However, in 1991, the Maras sold a 50% share of the team to billionaire Loews Corp. founder Bob Tisch for $75 billion, according to Forbes, and members of his family still retain their seats on the board to this day.

Now, the Koch family is angling to become the third dynasty to join the board of the team—having already made a significant mark on New York's most prominent sporting organizations in recent months.

Just over a year ago, Koch—who has an estimated net worth of $81.2 billion—and her children purchased a 15% stake in BSE Global, the parent company of NBA team the Brooklyn Nets, WNBA team New York Liberty, and the Barclays Center in Brooklyn, where both franchises play their home games.

At the time, BSE Global was valued at $6 billion, meaning that the family likely paid around $900 million for their stake in the company.

Perhaps, then, it should have come as no surprise when Koch chose to try to funnel some funds back into her bank account by offloading another prominent New York City asset: her $45 million Park Avenue palace.

The socialite made quite the hefty profit on the property, which was purchased by her late husband, David Koch, for the relatively meager sum of $18 million in 2004—although she fell short of securing her original asking price of $48 million.

Located inside a storied condo building on New York City's Upper East Side, the duplex unit occupies 8,500 square feet on the fourth and fifth floors and boasts a staggering 18 rooms.

Among those are five bedrooms, six bathrooms, and several spacious living areas—a number of which feature impressive fireplaces.

It was the second Upper East Side residence to have been sold by Koch within as many years. The philanthropist offloaded a nearby townhouse for $41 million, having purchased the property with her spouse for just over $40 million in 2018, one year before his death.

As first reported by the Wall Street Journal, Koch—who shared three children with her husband—sold the home in an off-market deal to an anonymous buyer.

That dwelling, which is situated on East 76th Street, just off Park Avenue, featured even more space than the billionaire's condo unit—offering 15,000 square feet in total, including eight bedrooms spread across six floors.

At the time of the sale, Koch did not comment on the details of the deal. However, she reiterated to the outlet that she and her family were fully committed to remaining in New York City.

Indeed, despite selling off two different Big Apple abodes, Koch still retains a number of properties in New York, including a pair of apartments on East 66th Street, which she purchased from the estate of Microsoft co-founder Paul Allen in 2022 for the sky-high price of $101 million, according to Page Six.

Koch snapped up those properties just months after buying a historic home in the Hamptons, which had been on the market for $75 million—despite already owning a nearby $18 million property on Southampton's "Billionaire Lane."

Should the businesswoman ever wish to escape to warmer climes, however, she need only decamp to her enormous Palm Beach mansion, which is located on one of the priciest streets in the exclusive Florida enclave.