New York Giants co-owner Steve Tisch is transferring his stake in the team to his children’s trusts.
Tisch’s name appeared in documents related to Jeffrey Epstein, with whom he exchanged emails.
Tisch has stated he regrets associating with Epstein but has not been accused of a crime.
The NFL and the New York Giants have avoided discussing Giants co-owner Steve Tisch’s correspondence over the years with Jeffrey Epstein.
In the near future, Tisch and his two siblings will no longer technically be “owners” of the franchise. According to a NFL memo circulated to club presidents and chief executives on March 11, and obtained by USA TODAY Sports, the Giants are requesting of the Finance Committee to approve an intra-family stake transfer from Steve, Laurie Tisch and Jonathan Tisch into the separate trusts of their children. The trio currently own 23.1% of the club.
ESPN first reported on the transaction, which requires approval of the finance committee and is part of normal estate planning within league circles.
‘We had a brief association where we exchanged emails about adult women, and in addition, we discussed movies, philanthropy and investments,’ Tisch said of Epstein in a statement in January after one batch of files were released. ‘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.’
NFL commissioner Roger Goodell said at his pre-Super Bowl news conference that the league was still seeking a full finding of the facts as it related to Tisch’s name showing up more than 400 times in the files released by the DOJ.
The Tisch siblings’ father, Preston Tisch, co-founded the Loews Corporation with his brother Laurence and bought 50% of the Giants from the Mara family in 1991. The Mara and Tisch families sold 10% of the team to Julia Koch at a valuation of $10 billion.
