Usa news

49ers reportedly seek to sell 6 percent stake in record transaction

If a proposed 6% sale of the 49ers goes through, the team would set a record for the highest valuation of any global sports team in a transaction.

The sale would be made at a franchise valuation above $8.5 billion, according to Sportico, which listed the team’s value at $6.86 billion in its most recent analysis. The outlet estimated the Dallas Cowboys’ value to be more than $10 billion, the highest in its rankings.

The York family, which owns more than 90% of the team, is expected to sell small portions of the team to the families of three Bay Area billionaires: Vinod Khosla, Byron Griffith and Will Deeter. Kholsa is the co-founder of Sun Microsystems, while Griffith and Deeter are in the finance world.

The league’s owners would have to approve the sale. They meet next week in Minneapolis.

Earlier this year, the owners reportedly approved an 8 percent sale of the Philadelphia Eagles at a valuation of $8.3 billion.

A 49ers spokesperson declined to comment for this story.

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