By ASSOCIATED PRESS
Published: 20:55 BST, 20 May 2025 | Updated: 20:55 BST, 20 May 2025
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.
San Francisco 49ers players huddle before the NFL football team's rookie minicamp in Santa Clara, Calif., Friday, May 9, 2025. (AP Photo/Tony Avelar)
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.
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