Eli Manning is assembling an investment group to pursue up to a 10% ownership stake in the New York Giants, sources told Bloomberg's Gillian Tan and Randall Williams.

The Mara and Tisch families, who each own a 50% stake in the franchise, hired Moelis & Co. in February to explore the sale of a minority, non-controlling interest in the Giants. The Mara family has owned the organization since its founding in 1925, while the Tisch family bought their share in 1991.

The Giants are valued at an estimated $8 billion, according to Bloomberg.

Manning spent his entire 16-year career in New York (2004-19), leading the team to Super Bowl titles in 2007 and 2011. He retired as the franchise's all-time leader in passing yards (57,023) and touchdown passes (366). In 2021, the Giants honored Manning's legacy by retiring his No. 10 jersey and inducting him into their Ring of Honor.

The 44-year-old teased the possibility of buying a stake in the Giants in January, saying: "There's probably only one team I'd be interested in pursuing, and it's the one I played for for 16 years."

Future Hall of Fame quarterback Tom Brady bought a 10% stake in the Las Vegas Raiders in a deal approved by the NFL last October. The Buffalo Bills and Miami Dolphins also completed sales of 10% stakes in their respective franchises.