Shares in the New York Giants are currently up for sale. However, franchise legend Eli Manning has decided not to go ahead with the purchase and has given reasons for his decision.

In the past, legendary quarterback Eli Manning repeatedly expressed his interest in becoming an owner of the New York Giants. But now it’s not going to happen. His reason: the shares are too expensive.

In February, the franchise announced that it would be putting a limited number of team shares – up to ten percent – on the market. A very costly undertaking. Most recently, the Giants were valued at $7.3 billion by Forbes, while CNBC put the figure at $7.85 billion.

“Basically, it’s too expensive for me,” Manning told CNBC Sport months ago: “The numbers get very big. A 1 percent stake in something valued at $10 billion – that becomes a very large number.”

He added: “I love the Giants, and I think they deserve that valuation. There will be people who want to take a chance on it, and I was one of them.”

Eli Manning sees conflicts with TV job

Manning, who won two Super Bowls with the Giants, also explained that a stake would bring “a lot of conflicts” with his role as an employee of ESPN, among other things.

“I wouldn’t be able to talk to players. I coach in the Pro Bowl. I run a high school football camp that college players attend. There would be a lot of conflicts and it would affect my job, so I had to pull out of the Giants deal.”

Currently, the Mara and Tisch families each own 50 percent of the Giants, and the Mara family wants to sell part of its stake.