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Steve Tisch, siblings request transfer of their stakes in Giants to children's trusts, per NFL memo

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Steve Tisch, siblings request transfer of their stakes in Giants to children's trusts, per NFL memo
Sport

Sport

Steve Tisch, siblings request transfer of their stakes in Giants to children's trusts, per NFL memo

2026-03-12 02:48 Last Updated At:03:11

NEW YORK (AP) — New York Giants co-owners Steve, Laurie and Jonathan Tisch want to transfer their shares of the NFL club to their children’s trusts, according to a league memo that was obtained by The Associated Press.

According to the memo, the Tisch siblings would move the remaining 23.1% of the Giants that they still own to the trusts after completing previous transfers in 2023 and ’24. The memo states, “Following the transactions, the sellers will no longer own any interest in the club.”

A Giants spokesperson said the team had no comment. ESPN was first to report the transfer request.

It was not clear if the transfer requests were in any way related to Steve Tisch’s name appearing in the Jeffrey Epstein files released by the U.S. Justice Department in January. Steve Tisch’s name came up more than 400 times in the files. Tisch at the time said he knew Epstein but denied going to his island.

“We had a brief association where we exchanged emails about adult women, and in addition, we discussed movies, philanthropy and investments,” Steve Tisch said in a statement on Jan. 31. “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 in February said the league would look into Tisch's association with Epstein.

“Absolutely we will look at all the facts,” Goodell said at a news conference in San Jose, California, during Super Bowl week. “We’ll look at the context of those and try to understand that. We’ll look at how that falls under the (league personal conduct) policy. I think we’ll take one step at a time. Let’s get the facts first.”

The Tisch family has shared ownership of the Giants since 1991 with the Mara family, which founded the franchise in 1925. The Koch family agreed in September to purchase 10% of the team.

Maaddi reported from Tampa, Florida.

AP NFL: https://apnews.com/hub/NFL

FILE - Laurie Tisch attends the Whitney Gala on Oct. 19, 2009, in New York. (AP Photo/Evan Agostini, File)

FILE - Laurie Tisch attends the Whitney Gala on Oct. 19, 2009, in New York. (AP Photo/Evan Agostini, File)

FILE - Jonathan Tisch, co-chairman of the Super Bowl Host Committee, speaks to the media following a news briefing concerning transportation to Super Bowl XLVIII, Dec. 9, 2013, at the Frank R. Lautenberg Secaucus Junction Station in Secaucus, N.J. (AP Photo/John Minchillo, File)

FILE - Jonathan Tisch, co-chairman of the Super Bowl Host Committee, speaks to the media following a news briefing concerning transportation to Super Bowl XLVIII, Dec. 9, 2013, at the Frank R. Lautenberg Secaucus Junction Station in Secaucus, N.J. (AP Photo/John Minchillo, File)

FILE - New York Giants co-owner Steve Tisch arrives for NFL owners meetings in New York, Oct. 21, 2025. (AP Photo/Seth Wenig, File)

FILE - New York Giants co-owner Steve Tisch arrives for NFL owners meetings in New York, Oct. 21, 2025. (AP Photo/Seth Wenig, File)

MIAMI (AP) — A close ally of ousted Venezuelan President Nicolás Maduro was charged Monday with bribing top officials to steal hundreds of millions of dollars from lucrative contracts to import food at a time of widespread hardship in the South American country.

Alex Saab made his initial court appearance after being deported over the weekend by acting President Delcy Rodríguez as part of a purge of insider businessmen who are believed to have enriched themselves through corrupt dealings with Maduro.

Shackled and wearing a beige prison uniform, Saab answered “Yes, ma'am,” in English after being asked by a federal judge in Miami whether he understood the charges against him: a single count of money laundering tied to a decade-old conspiracy to create fake companies, falsify shipping records and skim from government contracts to import food from Colombia and Mexico.

Saab, 54, was previously charged during the first Trump administration in 2019 and then arrested during a refueling stop in Cape Verde on what the Venezuelan government described as a high-level humanitarian mission to Iran.

But President Joe Biden pardoned him in 2023 in exchange for the release of several imprisoned Americans in Venezuela. The deal, part of a failed effort by the Biden White House to lure Maduro into holding a free presidential election, was harshly criticized by Republicans and federal law enforcement officials, who immediately began investigating Saab for other alleged crimes not covered by the narrowly tailored pardon.

U.S. officials have long described Saab as Maduro's “bag man” and could ask him to serve as a valuable character witness against his former protector, who is awaiting trial on drug charges in Manhattan after being captured in a raid by the U.S. military in January.

The new U.S. prosecution of Saab is taking place against the backdrop of the Trump administration’s efforts to overhaul relations with Venezuela.

Trump and senior administration officials have heaped praise on Rodríguez, who has thrown open Venezuela's oil industry to U.S. investment at a time of surging oil prices tied to the war in Iran. In exchange, the White House has dampened talk of elections, which are required by Venezuela's constitution within 30 days of the president becoming “permanently unavailable.”

But Rodríguez faces enormous domestic pressures from the more radical, ideological wing of the ruling socialist party, some of whom, like Interior Minister Diosdado Cabello, wield great influence inside Venezuelan security forces and face criminal charges themselves in the U.S.

Mario Silva, who for years spread pro-government propaganda as the host of a program on state TV before being removed from the airwaves after Maduro's capture, questioned the legality of Saab's removal, saying it violates a constitutional ban on extradition.

“The imperialists don't negotiate. They conquer, test and probe — until our country shatters,” said Silva in a livestream posted Sunday on social media. “Nobody is safe right now.”

Cabello, for his part, expressed support for Saab's deportation, saying he had obtained his Venezuela national ID through illegal means.

Perhaps anticipating blowback, Venezuela's immigration authority, SAIME, in a statement Saturday referred to Saab only as a “Colombian citizen" implicated in several criminal investigations in the U.S. Rodríguez on state TV Monday echoed those sentiments, saying she was committed to defending Venezuela's national interests.

Rodríguez heaped on Saab a few years ago during the international campaign Venezuela's government mounted to free him from U.S. custody. Serving then as Maduro's vice president, she described Saab as an “innocent Venezuelan diplomat” who had been illegally “kidnapped” by the U.S.

But as Rodríguez cements her rule, she has distanced herself from Saab, firing him from her Cabinet and stripping him of his role as the main conduit for foreign companies looking to invest in Venezuela.

Saab amassed a fortune through Venezuelan government contracts. The indictment against him in 2019 was tied to a government contract for low-income housing that was never built.

The new indictment stems from another case the Justice Department brought against Saab’s longtime partner over the so-called CLAP program set up by Maduro to provide staples — rice, corn flour, cooking oil — to poor Venezuelans at a time of rampant hyperinflation and a crumbling currency.

Saab had been identified in the 2021 indictment as “Co-Conspirator 1” and allegedly helped set up a web of companies used to bribe a pro-Maduro governor who awarded the business partners a contract to import food boxes from Mexico at an inflated price.

As U.S. sanctions crippled Venezuela’s foreign trade, Saab and others allegedly expanded their corrupt influence deep inside the Maduro government, accessing billions of dollars in oil sales from state-run oil company PDVSA, prosecutors said in a five-page indictment unsealed Monday.

Now in U.S. custody, he could be asked to testify against his former protector — something he has considered in the past.

Saab secretly met with the Drug Enforcement Administration before his first arrest and, in a closed-door court hearing in 2022, his lawyers revealed that the businessman for years had helped the DEA untangle corruption in Maduro’s inner circle. As part of that cooperation, he forfeited more than $12 million in illegal proceeds from dirty business dealings.

AP writer Regina Garcia Cano in Mexico City and Eric Tucker in Washington contributed to this report.

This story is part of an investigation that includes the FRONTLINE documentary “Crisis in Venezuela,” which aired Feb. 10, 2026, on PBS. Watch the documentary at pbs.org/frontline, in the PBS App and on FRONTLINE’s YouTube channel.

FILE - Venezuela's President Nicolas Maduro, left, and Alex Saab stand together during an event marking the anniversary of the 1958 coup that overthrew dictator Marcos Perez Jimenez, in Caracas, Venezuela, Jan. 23, 2024. (AP Photo/Jesus Vargas, File)

FILE - Venezuela's President Nicolas Maduro, left, and Alex Saab stand together during an event marking the anniversary of the 1958 coup that overthrew dictator Marcos Perez Jimenez, in Caracas, Venezuela, Jan. 23, 2024. (AP Photo/Jesus Vargas, File)

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