San Francisco 49ers owner Jed York has announced that his family is finalizing a sale of over 6% of the team to three Bay Area families at a historic franchise valuation exceeding $8.5 billion. Interested buyers have been approaching the Yorks weekly, reflecting strong interest in the franchise. While the NFL is set to approve the transactions soon, York mentioned this decision aligns with a family asset allocation strategy. The specific buyers include the Khosla, Deeter, and Griffith families, each acquiring differing percentages of the team's stake.
According to San Francisco 49ers owner Jed York, interested parties have approached his family 'probably on a weekly basis' to attempt to buy a piece of the 97% of the team the Yorks own.
The 49ers are working to complete the sale of more than 6% of the team to three Bay Area families at a franchise valuation of more than $8.5 billion, the largest ever for a sports franchise.
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