Santa Clara, Calif. - According to San Francisco 49ers owner Jed York, interested parties "may be in contact with their families every week" in an attempt to buy a portion of the 97% of York's team owned.
It seems that this week, three parties close to families made the right proposal. The 49ers are working to complete the sale of more than 6% of the team to three Bay Area families, according to league sources.
Sportico first reported on pending sales on Thursday, which he said will be conducted at a franchise valuation of more than $8.5 billion. If the transaction is completed with this number, the valuation of the sports franchise in the transaction will be the largest.
Track and Athletics reported Thursday afternoon that the Kosla, Det and the Griffiths were potential buyers, with the Hosla buying 3.1%, the Diets getting 2.1%, while the Griffiths getting 1% of their income.
The NFL is expected to formally approve the deal at a spring owners meeting in Minneapolis next week. 49 people declined to comment on the proposed sale.
Niners has been receiving offers over the past few months, and York said in March at an annual league meeting that his family has been considering selling up to 10% of the ownership stake. At that time, he called it a “family asset allocation decision” based on the needs and needs of various family members.
"It's just one of the opportunities, and if there's a chance, we'll always explore that, but I'm not sure what we'll do in the end," York said at the time. "If we do, we'll try to find the right people who will help strengthen everything we do on the team, on the field, outside, outside the wild and make sure we're a good partner with us."
All three buyers reportedly have venture capital backgrounds. Vinod Khosla is the co-founder of Sun Microsystems and the founder of Khosla Ventures in Menlo Park, California. Byron Deeter is a partner at Redwood City and Bessemer Venture Partners in San Francisco, and William Griffith is a partner at Iconiq Capital in San Francisco.
In other news related to the NFL franchise, Los Angeles Chargers demanded approval to sell an 8% stake in the team to a private investment company, the Los Angeles Times reported.
The newspaper said charger owner Dean Spanos and siblings Michael Spanos and Alexis Spanos Ruhl will try to sell the shares to private investment company Arctos at a meeting next week.