Bay Area Tech Billionaires Buying a Slice of 49ers Glory - And It's Not Cheap!

Photo by Lili Popper on Unsplash
In a move that screams “we’ve got too much money,” three Bay Area tech titans are dropping a cool half-billion to get their hands on a tiny piece of the San Francisco 49ers. Vinod Khosla, Byron Deeter, and Will Griffith are about to become partial owners of the NFL franchise in a deal that values the team at a jaw-dropping $8.5 billion.
The Tech Mogul Lineup
Let’s talk about these wallet-wielding investors. Vinod Khosla, the heavyweight of the group, isn’t just throwing money around - he’s a Silicon Valley legend who co-founded Sun Microsystems and has been an early investor in everything from DoorDash to OpenAI. With a net worth of $8.2 billion, buying a chunk of a football team is basically pocket change for him.
Not Your Average Sports Fans
Byron Deeter brings some actual sports cred to the table, having won four national championships in rugby at Cal. Will Griffith comes from Iconiq Capital, the wealth management firm that caters to tech billionaires like Mark Zuckerberg. These aren’t your typical sports fans - they’re strategic investors who probably see the 49ers as just another high-value asset.
The deal, reportedly giving them between 1% to 3.1% of the team, is less about love of the game and more about joining an exclusive club of sports team owners. The York family, who currently own 97% of the franchise, are essentially selling the smallest slice of their football pie - but it’s a slice that costs more than most people’s lifetime earnings.
In true Bay Area fashion, this purchase is less about touchdowns and more about another flex in the ongoing tech wealth Olympics. Who says you can’t buy a piece of sports history with venture capital dollars?
AUTHOR: mp
SOURCE: SF Gate