Originally posted by Hoovtrain:
Saw they are interested in selling 10% of their ownership. Are they trying to scrounge up cash ?
The investment arm of the organization, 49ers Enterprises, also is expected to add Scottish soccer club Rangers to its portfolio in the near future. York said nothing has been finalized.
In July 2023, 49ers Enterprises took over full ownership of English soccer club Leeds United.
York said the finances of the 49ers and their soccer interests are independent of each other.
The Yorks aren't rich enough for all these entries to be independent of each other. I lived through the maloof who owned the kings, a Vegas casino, and beer distributorships. They use to say the same thing about their other ventures. Bad decisions forced them to sell everything, including the kings.
Towards the end, they were selling off businesses and scrimping Pennie's to try to say this business or that business. It was a total S Show. They slashed contracts and eventually tried to move the kings to save their asses.
[ Edited by maximusdecimus on Apr 4, 2025 at 10:38 AM ]