The 49ers’ ownership group added a new member Wednesday, as the team announced Pete Briger Jr. would be joining with a minority stake in the franchise.
The deal was approved at Wednesday’s NFL league meeting, and the team emphasized in its release that Briger’s family, including his wife Devon, would be welcomed into the organization.
The team, which is controlled by the York family and CEO Jed York, did not say what stake the Briger family would hold. Sportico reported back in May that the team was seeking approval for a 6% sale at a valuation above $8.5 billion.
“I’d like to welcome Pete, Devon, and the Briger family to the San Francisco 49ers,” said Jed York, CEO of the San Francisco 49ers. “Alongside my family and our existing owner partners, we know the Briger family shares our unwavering commitment to the long-term success of this organization and creating unforgettable moments for our fans.”
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Briger, who lives in Menlo Park, is the executive chairman of publicly traded investment firm Fortress, where he has worked since 2002.
“I’m honored that the Briger family is joining the 49ers ownership group. For my family—and millions of other fans—this iconic franchise represents far more than football; it reflects the legendary excellence and resilience of the Bay Area,” Briger said in the 49ers’ release.
