Found December 19, 2011 on
The York family has sold two small stakes in the San Francisco 49ers franchise.
John York says ''they were important people to us,'' in explaining the moves without providing further details of the sales, first reported by the Sports Business Journal on Monday. The San Jose Mercury News said each stake was 1 percent.
York's son, team president Jed York, says the sales have nothing to do with helping finance a new $1 billion stadium in Santa Clara, near the current team headquarters in technology-rich Silicon Valley.
Earlier this month, the team announced it secured $850 million in loans from Goldman Sachs, Bank of America and U.S. Bank to finance the project it hopes will get underway this spring. Make-ready work at the construction site is set for January.
BEST OF MAXIM
The faster they are, the more they'll get smacked around?
That seemed to be safety Donte Whitner's message as he discussed the secondary's matchup against Pittsburgh's speedy wide-receiving duo of Mike Wallace and Antonio Brown.
Wallace and Brown have combined for 117 catches, 1,959 yards and...
Mon, 19 Dec 2011 13:59:22 CST
Tue, 20 Dec 2011 6:00:05 CST
In what should have been considered the most anticipated game of the week, sorry Tebow, San Francisco took it to the defending AFC Champions beating the Pittsburgh Steelers 20-3. The game was delayed twice due to power outages at the stadium, but that was overshadowed by the 49ers play on the field.
San Francisco won mostly with their defense forcing four turnovers and sacking quarterback...
"Monday Night Football" exposed the great 49ers fadeout as a fraud. Once the lights stayed on at Candlestick, the 49ers undid Pittsburgh, as well as the theory that they had tapped out their energy and creativity for 2011.
The NFL doesn't hold many statement games, outside of the Super Bowl....
The 49ers were all set up for a repeat of last week's Arizona 21-19 loss, when the 49ers offense completely bogged down in the second half and Arizona started to hit on some big plays.
In their last six drives in the second half against the Cardinals, the 49ers had one first down and that was due...
Wed, 21 Dec 2011 6:00:03 CST
Vernon Davis caught a short touchdown pass a play after taking a 21-yard reception inches short of the goal line, and the San Francisco 49ers took a 13-3 lead over the Pittsburgh Steelers through three quarters Monday night in a game delayed twice by power outages.