The 49ers sell a minority share of the team to 3 Bay Area families
EAGAN, Minn. (AP) — The San Francisco 49ers announced that they have sold small shares in the team to three Bay Area families.
The Niners said the investments that give the new families a non-controlling minority interest in the team were approved by the NFL at league meetings on Tuesday.
The shares were purchased by the Deeter family, led by Byron and Allison Deeter; the Griffith family, led by Calla and Will Griffith; and the Khosla family, led by Neal and Vinod Khosla.
Sportico first reported the deal last week, saying it was for about 6% of the team and an $8.5 billion valuation.
Byron Deeter is a partner at Bessemer Venture Partners
Will Griffith is a partner at ICONIQ, a global investment firm.
Neal Khosla is the CEO and founder of Curai, an artificial intelligence-enabled primary care company.
The York family, led by team CEO Jed York, remain majority owners of the Niners and have full control of the team.
___
AP NFL: https://apnews.com/hub/NFL
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.