Latest news with #WillGriffith
Bloomberg
20-05-2025
- Business
- Bloomberg
NFL Owners Approve 49ers, Chargers' Sale of Minority Stakes
NFL owners approved the sale of a 6.2% stake in the San Francisco 49ers to three investor groups at an $8.5 billion valuation, the highest ever for a sports team. The sale to three local families was one of several limited-partner deals approved Tuesday during the NFL owners' spring meetings in Minnesota. Billionaire Vinod Khosla is buying the largest stake, joined by the families of Byron Deeter, a partner at Bessemer Venture Partners, and Will Griffith, founding partner at Iconiq Growth.
Bloomberg
15-05-2025
- Business
- Bloomberg
NFL's 49ers to Sell Stakes at Record $8.5 Billion Valuation
The San Francisco 49ers reached a deal to sell stakes in the NFL team at a valuation of about $8.5 billion, setting the record for a sports franchise set in December. The club is offloading equity totaling about 6% to three private investors, according to two people familiar with the transaction. Billionaire Vinod Khosla is buying the largest stake with the families of Byron Deeter, a partner at Bessemer Venture Partners, and Will Griffith, founding partner at Iconiq Growth, also acquiring pieces.
