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HomeSportsSan Francisco 49ers weigh in $ 9 billion evaluation

San Francisco 49ers weigh in $ 9 billion evaluation


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San Francisco 49ers, according to people familiar with the case, are selling 10% stake on evaluation of over $ 9 billion, possibly one of the world’s most expensive sports teams.

It is not clear that 49ers will look for a private equity firm to buy stake, or other investors such as a rich person or family, said that people have asked not to identify as information.

Discussions are going on and there is no certainty that they will lead the transaction. A representative for 49ers refused to comment.

NFL has seen a streak of transactions following the approval of private equity groups to invest in franchise last year. The League has encouraged teams that are interested in selling stakes, promoting evaluation. Moving from stake sales can help teams with the construction or renewal of stadiums, providing liquidity to their owners.

Jeffrey Luri, owner of Philadelphia Eagles, discovered the sale of private equity before choosing investors of high net worth. Those transactions gave the club a price of $ 8.3 billion. Stephen Ross’s Miami Dolphin evaluated a $ 8.1 billion after selling Achars Management and Joe Tsai, co-founder of Alibaba Group Holding Limited and owner of Brooklyn Net Joe Tsai.

Buffalo Bills sold bets to Arctos and many other limited partners. The evaluation for the club was not disclosed. New York veterans recently to sell minority stake in the team Moelis & Co. Has hired

The other two private equity groups approved by NFL are the sixth street partners and a group consisting of Ludis, dynasty equity, blackstone, cars and CVC capital partners.

The 49 residents owe Jade near Jade York, who have served as the team’s Chief Executive Officer for more than a decade and became its chief owner in March 2024 after purchasing shares from their family. York at the time told ESPN that his family owns about 97% of the club.

Edward J. Debartolo originally bought the team for $ 13 million in 1977, and gave the team to his son. The team was passed in 2000 near its sister Dennis Debartolo York, the mother of Jade York. According to the Bloomberg Billion Ayers Index, Dennis Debartolo York has an estimated total assets of around $ 6.3 billion.

Under York, 49 residents have won five super bowles, which have been tied for the most time for the other. Outside the US, the team’s business arm, 49ers Enterprises bought full control of English Football Club Leeds United in 2023.

(Adding additional reference to NFL’s approved PE firms and when Dennis York inherited the team.)

Such more stories are available Bloomberg.com

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