49ers New Stadium: 49ers Sell Minority Ownership Stakes To Two New Investors

According to Tim Kawakami of the Mercury News,San Francisco 49ers team owner Jed York has confirmed that his family has sold two separate 1% ownership stakes to limited-partner investors.

One of the two new investors is reportedly Gideon Yu, a 49ers executive hwo formerly worked for both Facebook and Yahoo! Kawakami's research also indicates that the other investor might be Mark Wan, who is also a limited partner of the Boston Celtics.

Yu, at least, has Silicon Valley ties, which makes it a bit interesting that this sale of stakes would come so soon after the announcement of the approved loans for the new stadium. Via Kawakami, York claimed that the sale was not "directly" related to the stadium funding effort.

Kawakami posits that the new limited partners coming in could just be a good way to infuse cash and energy into the franchise as they prepare for the daunting -- yet exciting -- prospect of constructing a new stadium.

For all news and information regarding the San Francisco 49ers, please visit Niners Nation.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Bay Area

You must be a member of SB Nation Bay Area to participate.

We have our own Community Guidelines at SB Nation Bay Area. You should read them.

Join SB Nation Bay Area

You must be a member of SB Nation Bay Area to participate.

We have our own Community Guidelines at SB Nation Bay Area. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.