The 49s sell a minority share of the team to 3 families in Bay Area

Associated Press

Eagan, Minn. (AP) – The San Francisco 49ers announced that they sold small shares in the team to three families of the Bay Area.

The Niners said that the investments that give the new families a non -controlling interest in the team were approved by the NFL at league sessions on Tuesday.

The shares were bought 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 reported the deal for the first time last week and said that he was $ 8.5 billion for about 6% of the team.

Byron Deeter is a partner at Bessemer Venture Partners

Will Griffith is a partner at Iconiq, a global investment company.

Neal Khosla is the CEO and founder of Curai, a company for artificial intelligence.

The York family, led by the team CEO Jed York, remains the majority owner of the Niners and has full control over the team.

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