The New York Giants won't be seeing Eli Manning in an ownership capacity any time soon. The New York Giants were smart to explore whether they could bring their Super Bowl -winning quarterback back into the fold, in any capacity.

Retired New York Giants quarterback Eli Manning says he is backing out of his bid to purchase a stake in his former team.

Retired New York Giants legend Eli Manning previously indicated that he was interested in purchasing an ownership stake in the team. He had sought to join a group to buy a minority stake in the team, but that appears to have changed.