49ers to sell 6.2% ownership stake to three families
San Francisco 49ers owner Jed York has received offers to sell a portion of the team, with three Bay Area families close to finalizing a deal for over 6% of the team at a valuation of more than $8.5 billion. The families involved are the Khoslas, Deeters, and Griffiths, all with venture capital backgrounds. The NFL was expected to approve the transactions at an upcoming owners meeting. In other news, the Los Angeles Chargers are seeking approval to sell an 8% stake in the team to a private investment firm. The potential sales reflect a trend of NFL teams looking to bring in new partners and investors.
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