The Koch family has agreed to purchase a 10% stake of the NFL's New York Giants, according to a person familiar with the deal. The person spoke to The Associated Press on condition of anonymity Wednesday night because the deal must be approved by owners.

The New York Giants have agreed to sell a minority stake in the storied franchise to Julia Koch and members of the billionaire Koch family, according to people with knowledge of the matter.

Julia Koch and her family have agreed to purchase a minority stake in the Giants according to multiple reports. Bloomberg was first to report Koch’s agreement and Sportico added that it is a 10% stake in the franchise.

Billionaire Julia Koch and her family have agreed to buy a minority stake in the NFL's New York Giants at a valuation of around $10 billion, Bloomberg first reported and Axios confirmed with a source close to the situation.