New York Giants co-owners Steve, Laurie and Jonathan Tisch are transferring their ownership stakes in the NFL team to their children’s trusts, the Daily Mail can confirm.
The decision comes after Steve’s name surfaced more than 400 times in court files related to Jeffrey Epstein, the convicted sex offender who died in a New York jail cell while awaiting trial on new charges in 2019. The NFL has launched its own investigation into Steve’s ties to the disgraced financier.
A Giants spokesman told the Daily Mail that the Tisch family’s decision is unrelated to the inclusion of Steve’s name in the Epstein files.
The move was revealed by an internal memo first reported by ESPN. A Giants spokesman declined to share that memo with the Daily Mail.
‘Prior transfers to these Trusts were completed pursuant to 2023 and 2024 Finance Committee approvals,’ read Wednesday’s memo revealed by ESPN. ‘The Sellers now propose to transfer their entire remaining interests, totaling 23.1% of the Club, to the Trusts… Following the transactions, the Sellers will no longer own any interest in the Club.’
The NFL has declined comment on the transfer.
Steve Tisch is transferring ownership of his stake in the New York Giants to his children
The Tisch family’s decision comes after Steve’s name surfaced more than 400 times in court files related to Jeffrey Epstein. A team spokesman has denied the move is related to Epstein
Steve, 77, has denied any wrongdoing related to Epstein and released a statement last month expressing his remorse for their relationship. He has not been charged with any crime.
‘We had a brief association where we exchanged emails about adult women, and in addition, we discussed movies, philanthropy, and investments,’ the statement read. ‘I did not take him up on any of his invitations and never went to his island. As we all know now, he was a terrible person and someone I deeply regret associating with.’
In one email exchange revealed in the files, Tisch asked Epstein if a woman was ‘pro or civilian.’
‘[Do] you want to know if she as sweet as she seems?’ Epstein responded, adding: ‘boyfriends? trustworthy, etc. she is earnest. is a civilian, but russian, and rarely tells the full truth , but fun.’
Epstein also told Tisch to ‘send me a number to call’ because he didn’t ‘like records of these conversations.’
Another email revealed Epstein telling Tisch he ‘did very well’ with a female acquaintance, who was ‘a little freaked out by the age difference.’
The emails were primarily exchanged around 2013.
Co-Owners John Mara and Steve Tisch celebrate after the New York Giants defeated the New England Patriots 21-17 to win Super Bowl XLVI at Lucas Oil Stadium on February 5, 2012
Prior to recent transfers detailed in the memo, Steve, Laurie and Jonathan Tisch collectively owned 45 percent of the team. The heirs of Giants founder Tim Mara still control the other 45 percent after a 10-percent sale to late billionaire David Koch’s family in September.
The Tisch family bought into the Giants in 1991, when patriarch Bob agreed to take on half the team from Wellington Mara for a reported $75 million.
Bob, the chairman of the Loews Corporation, would die in 2005 just a few weeks after Wellington. Their children, led by John Mara, have been in charge of the NFL franchise ever since.
The Giants are worth $10.1 billion, according to Forbes’ latest valuation.
Away from the NFL, Steve primarily works as a film producer and has earned credits on a number of high-profile movies such as American History X, Snatch and an upcoming biopic on the late NFL coach and announcer, John Madden.
His sister is the founder of the Laurie M. Tisch Illumination Fund and former chair of the Center for Arts Education, while their brother, Jonathan, is a hotelier who currently serves on the Tufts University Board of Trustees.
