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.
This week, it seems, three of the parties who approached the family came with the right offer. The 49ers are working to complete the sale of more than 6% of the team to three Bay Area families, according to a league source.
Sportico, which first reported the pending sale Thursday, said the sales would be done at a franchise valuation of more than $8.5 billion. If the deal is completed at that number, the valuation will be the largest for a sports franchise in a transaction.
The Khosla, Deeter and Griffith families are the prospective buyers, with the Khoslas purchasing 3.1%, the Deeters obtaining 2.1% and the Griffiths acquiring 1%, The Athletic reported Thursday afternoon.
