Former New York Giants quarterback Eli Manning is watching his wallet amid high inflation and wealth inequality that continues in the United States in 2025. Manning made over $250 million during his 16-year NFL career with the Giants.
Following his career in the league, Manning joined his brother, Peyton Manning, to call games for ESPN’s Manningcast. Despite his new gig, Eli told CNBC that he cannot afford to become a 1% minority owner of the Giants.
Eli Manning: The New York Giants are ‘too expensive’
“Basically, it’s too expensive for me,” Manning said. “A 1% stake valued at $10 billion turns into a very big number.”
The Giants are now valued at $10 billion, which means Manning would have to pay $100,000 to own a 1% stake in his former team. That’s quite a risk for Manning, who had to pay taxes on the earnings he made when becoming a two-time Super Bowl champion.
It’s astounding the difference in inequality between an exceptionally wealthy player like Eli and the billionaires who are able to purchase majority stakes in sports teams.
Manning has to think about his ‘day job’
Manning is also worried that owning a share of the Giants, or any NFL football team, would mean jeopardizing his career with ESPN.
“I wouldn’t be able to talk to players that I coached in the Pro Bowl, Manning said. “It was going to affect my day job.”
Last year, league owners approved the sale of a minority stake of the Las Vegas Raiders to former New England Patriots quarterback Tom Brady, who Eli defeated twice in Super Bowls. Brady purchased a 5% stake in the Raiders, or about $122 million.
Brady is somehow able to own part of the Raiders, talk to players such as Patrick Mahomes, be involved in hiring decisions for the Raiders, and work as a host calling games for NFL games on Fox Sports.
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