The San Francisco 49ers are selling. Again.
The 49ers have agreed to sell a 3.2% stake of their franchise to Fortress Investment Group managing partner/board chairman Pete Briger Jr., Sports Business Journal reported Wednesday morning. That after San Francisco controlling owner Jed York sold 6% of the franchise in May to three Bay Area-based families.
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The deal in May valued the 49ers at more than $8.5 billion and the stake sold Wednesday registers the same valuation, per Sports Business Journal, which also reported York’s family maintains 88% of the franchise. The most recent sale will net the 49ers an estimated $272 million.
Briger is based in Menlo Park and joins the Khosla, Griffith and Deeter families as minority owners. Vinod Khosla is the co-founder of Sun Microsystems in Santa Clara. Will Griffith is a partner at ICONIQ Capital in San Francisco. Byron Deeter is a partner at Bessemer Venture Partners in Atherton.
The deal requires approval next month from NFL owners, who voted last year to allow private equity investments in franchises of up to 10%.
“We get approached probably on a weekly basis from someone who’s interested,” York said in April. “It’s just one of those things where if there’s an opportunity that makes sense, we would always explore that. But I’m not sure what we’re going to end up doing. And if we do, we would try to find the right people who would help bolster everything in and around the team. On the field. Off the field. And just make sure that we had good partners that were with us.”
The 49ers did not immediately respond to a request for comment.
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