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Stock impact report

Steve Tisch, siblings passing down New York Giants ownership stake [USA TODAY]

Loews Corporation (L) 
Last loews corporation earnings: 2/10 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.loews.com
Company Research Source: USA TODAY
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 and the have avoided discussing 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 ci Show less Read more
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