Cam Inman – Silicon Valley https://www.siliconvalley.com Silicon Valley Business and Technology news and opinion Mon, 25 Mar 2024 22:09:14 +0000 en-US hourly 30 https://wordpress.org/?v=6.5.4 https://www.siliconvalley.com/wp-content/uploads/2016/10/32x32-sv-favicon-1.jpg?w=32 Cam Inman – Silicon Valley https://www.siliconvalley.com 32 32 116372262 49ers set for ownership shift: Jed York to succeed mother as primary owner https://www.siliconvalley.com/2024/03/25/49ers-stage-ownership-shift-jed-york-to-succeed-mother-as-primary-owner/ Mon, 25 Mar 2024 15:22:52 +0000 https://www.siliconvalley.com/?p=633263&preview=true&preview_id=633263 Jed York is on the verge of succeeding his mother as the 49ers’ primary owner, a title change that isn’t surprising after his past 13 years as CEO and face of the ownership group.

Such a move is meant to “ensure the 49ers stay in the York family for generations to come,” according to a team source.

Fellow NFL owners are expected to vote on that switch today in Orlando, Florida, the site of the league’s annual owners’ meeting, according to Sports Business Journal’s Ben Fischer, who was first to report that York had bought some of his mother’s equity in the franchise.

Denise DeBartolo York, along with her husband, Dr. John York, took over control of the 49ers in 2000 from her brother, Eddie DeBartolo, a Pro Football Hall of Famer under whom the franchise won the Lombardi Trophy five times. Their father, Edward J. DeBartolo, bought the 49ers in 1977 from the Morabito family, which founded the franchise in 1946.

Jed York, 43, has spent nearly 20 years working amid the 49ers’ hierarchy, taking on the CEO role in 2010. Three Super Bowl trips have followed, including last season’s under coach Kyle Shanahan and general manager John Lynch, who both had their contracts extended prior to the season.

“Our team speaks for itself,” Jed York said on Feb. 1, after the 49ers clinched their Super Bowl LVIII berth. “When you hear from me, it’s generally not good. It’s during a coaching change. It’s during an off-field incident that needs ownership commenting. My goal is to build an organization that speaks for itself. We have two great leaders in this organization. We have unbelievable people all around. I would much rather have this organization speak for itself than have me speak for it.”

Denise DeBartolo York, who’s believed to be in her mid-70s, attended the 49ers’ NFC Championship win and has preferred a low-key profile during her tenure. Dr. John York has been a constant presence at games and occasionally at practices over the past two decades, though it has been Jed York who has spoken on behalf of ownership for nearly a decade.

San Francisco 49ers quarterback Brock Purdy (13) celebrates while holding The George Halas trophy after winning the NFC Championship Game at Levi's Stadium in Santa Clara, Calif., on Sunday, Jan. 28, 2024. The San Francisco 49ers defeated the Detroit Lions 34-31. (Jose Carlos Fajardo/Bay Area News Group)
San Francisco 49ers quarterback Brock Purdy (13) celebrates while holding The George Halas trophy after winning the NFC Championship Game at Levi’s Stadium in Santa Clara, Calif., on Sunday, Jan. 28, 2024. The San Francisco 49ers defeated the Detroit Lions 34-31. (Jose Carlos Fajardo/Bay Area News Group) 

Jed York is the oldest of four siblings. Twin sisters Jenna and Mara lead the 49ers Foundation charity wing. Younger brother Tony passed away in 2018 at age 35. Jed York and his wife, Danielle, have two sons, Jaxon and Brixton.

After a contentious ownership transfer following Eddie DeBartolo’s legal issues, Denise DeBartolo York became one of the NFL’s first female owners. Others currently recognized as primary or co-owners in the NFL are: Kim Pegula (Buffalo Bills), Virginia Halas McCaskey (Chicago Bears), Dee Haslam (Cleveland Browns), Sheila Ford Hamp (Detroit Lions), Janice McNair (Houston Texans), Carol Davis (Raiders), Gayle Benson (New Orleans Saints), Jody Allen (Seattle Seahawks), and Amy Adams Strunk (Tennessee Titans). The Houston Texans are also expected to request a transfer of primary ownership, from Janice McNair to her son, Cal, according to ESPN.

NFL owners have approved these rule changes: a hip-drop tackle is now banned; coaches will get a third replay challenge after a successful challenge; and, enforcement of a major foul by the offense prior to the change of possession when fouls are flagged on both teams.

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49ers’ Jed York comments for first time on insider-trading allegations https://www.siliconvalley.com/2023/08/19/49ers-jed-york-comments-for-first-time-on-insider-trading-allegations/ Sat, 19 Aug 2023 23:50:51 +0000 https://www.siliconvalley.com/?p=591030&preview=true&preview_id=591030 SANTA CLARA — Jed York, the San Francisco 49ers’ CEO, spoke before Saturday’s preseason game and downplayed insider-trading allegations that recently came to light.

“It’s 18 months old. It’s a completely frivoulous lawsuit,” York said in a joint interview with this news organization and NBC Sports Bay Area.

“I think they’re grasping at straws to bring this out publicly now.”

Two lawsuits accuse York and others of financial improprieties regarding their work with Chegg Inc., a Santa Clara-based online education platform under fire for allegedly helping students cheat during the height of the pandemic. The lawsuits say York, specifically, made insider stock deals based on “nonpublic information,” demonstrating “his motive in facilitating and participating in the scheme.”

“I’m proud of our work with Chegg, proud of my work on the board and with its scholarship program,” York added. “I have no doubt this will be taken care of in no time.

“I wish I could say more but I will let the process play out.”

The lawsuits, consolidated in the U.S. District Court for Northern California earlier this year, say York, specifically, made insider stock deals based on “nonpublic information,” demonstrating “his motive in facilitating and participating in the scheme.”

Started in 2006, Chegg debuted on the New York Stock Exchange in 2013 — the same year York joined its board of directors — at $12.50 a share, raising $187.5 million for its initial public offering.

In 2019, Chegg and the 49ers announced a multi-year partnership to fund $100,000 in scholarships to first-generation college students in the Bay Area. For every first down made by the 49ers at Levi’s Stadium, Chegg would donate $500 to the scholarship fund. At the end of the season, five college students were selected to receive $20,000 each.

At the onset of the coronavirus pandemic in 2020, Chegg saw its subscribers surge as schools closed and students were forced to learn from home. Subscribers doubled by the end of 2020, and Chegg’s revenues increased by nearly 50% between the first quarter of 2020 to the second quarter of 2021, according to the lawsuit brought by shareholders Rak Joon Choi and Joseph Robinson.

Those lawsuits also accuse Chegg CEO Dan Rosensweig and six others of breaching their fiduciary duties to shareholders.

York is in his 13th year as the 49ers’ CEO and has been in the front office for nearly two decades. His parents, Denise DeBartolo York and Dr. John York, assumed majority control of the franchise’s ownership from her brother, Eddie DeBartolo, 23 years ago.

As for football matters, York declined to comment on the 49ers’ ongoing contract negotiations with Nick Bosa, who has not reported to training camp but is expected to sign a contract extension in the coming weeks as the NFL’s highest-paid non-quarterback.

York also did not weigh in on the 49ers’ quarterback situation — they have three backups behind Brock Purdy — but expressed confidence in coach Kyle Shanahan and general manager John Lynch to make appropriate decisions.

 

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It’s official! 49ers to host Super Bowl 60 at Levi’s Stadium https://www.siliconvalley.com/2023/05/22/its-official-49ers-to-host-super-bowl-60/ Mon, 22 May 2023 21:45:39 +0000 https://www.siliconvalley.com/?p=577382&preview=true&preview_id=577382 SANTA CLARA – Levi’s Stadium will host a second Super Bowl, officially putting the entire Bay Area back on American sports’ most watched stage.

NFL owners gave their approval Monday to schedule Super Bowl LX for the 49ers’ home field on Feb. 8, 2026.

League commissioner Roger Goodell recalled the Bay Area as an “incredible host” when Super Bowl 50 was held in 2016. The only previous Super Bowl here came in 1985, when Stanford Stadium hosted Joe Montana and the 49ers’ second title in four years.

“We look forward to working with the 49ers and the Bay Area Host Committee to create an impactful Super Bowl LX in 2026 that showcases all the great things the region has to offer,” Goodell said in a statement.

Left unsaid is precisely where Super Bowl week activities will be held, although 49ers president Al Guido did state the “majority certainly” will be in San Francisco.

“You may see a shift of focus from where we hosted it before to maybe more of waterfront, now that we have Chase Center, which wasn’t there for Super Bowl 50,” Guido added on a video call with reporters. “We’re still working through it. We have a couple of years now, so some of the infrastructure may be different than how it stands today.”

Guido made sure to thank Warriors executives Joe Lacob and Brandon Schneider, as well as Giants CEO Larry Baer. Those teams’ waterfront venues can offer a secured swatch for Super Bowl week events, which typically include fan festivities, the NFL Honors show, and the Opening Night media festivities, the latter of which were held at downtown San Jose’s SAP Center in 2016.

Teams are expected to practice and stay in the South Bay as they did for Super Bowl 50, but that’s not finalized, Guido said.

Super Bowl LX will precede Levi’s Stadium also serving among 16 venues in North America for the men’s soccer World Cup in the summer of 2026.

“Being able to bring a Super Bowl and World Cup in the same year, no one will ever do it, and we will,” Guido said. “We know it’s a tall task putting this on. We not have been able to do without all the support. I’m very thankful to the city of Santa Clara and what they’ve been able to do to support us in all those efforts.”

Guido hopes this is a sign the Bay Area is entering the fabled “Super Bowl rotation” of host cities – typically the warmer-weather spots in South Florida, New Orleans, Southern California. “I do believe this puts us up for future Super Bowls. We have to pull this one off,” Guido added.

Levi’s Stadium indeed was imagined as a multiple-Super Bowl venue. The 49ers helped speak that into existence back at the April 2012 groundbreaking ceremony.

“It’s going to be an unbelievable venue, not just for 49ers games but everything, from Super Bowls to soccer matches to concerts and college football,” 49ers CEO Jed York said at Levi’s groundbreaking.

Former 49ers coach George Seifert, at that same ceremony, noted how bringing the Super Bowl back here affords people “access to the immediate area, Carmel, Monterey, the City, wine country and everything beside the game itself.”

WHAT HAS CHANGED SINCE LAST TIME

Unlike in February 2016, there’s no longer a golf course or gravel parking lot across the street (Tasman Drive) from Levi’s Stadium.

Instead, a mega-development is in its initial phase of construction. The 240-acre project called “Related Santa Clara” will cluster residential (1,680 units), commercial (5.7 million square feet) and retail (500,000 square feet) with hotels, restaurants and a park. Meanwhile, a high-rise housing complex is already being built, and it towers kitty-corner from Levi’s Stadium.

“We do believe that’s a major addition to Levi’s Stadium and fan experience in general,” Guido said. “Right now it’s a little bit of an inconvenience for parking, because things are under construction, but in the future, it will only enhance our efforts to book these large-scale events, similar to the Super Bowl and the World Cup.”

As for Levi’s Stadium itself, upgrades are planned, but one noticeable improvement literally took root years ago. The grass field is now considered among the NFL’s best surfaces, as testified last year by then-49ers kicker Robbie Gould. In Super Bowl 50, however, several Denver Broncos and Carolina Panthers players slipped on the sod, until Peyton Manning and Denver prevailed 24-10.

The 49ers and Levi’s Stadium now have 2 ½ years to spruce up before hosting again. The NFL recently agreed to loan them $125 million for upgrades in suites, seats and scoreboards. That work is expected to begin after this coming 10th season since the 49ers moved from now-razed Candlestick Park. Super Bowl 50 attracted 71,088 fans, and Guido said the Super Bowl 60 crowd won’t be any smaller, nor much bigger.

HOST CITY HISTORY

Two Super Bowls in an 11-year span? Not bad, considering the only other time the Bay Area hosted the Super Bowl was in January 1985 at Stanford Stadium, where the 49ers won their second Lombardi Trophy by defeating the Miami Dolphins.

“We know what hosting the Super Bowl can do for our region and the City, and we’re excited to have the opportunity to welcome Super Bowl LX to the Bay,” San Francisco Mayor London Breed tweeted.

“Thrilled that ⁦@LevisStadium is primed to host the Super Bowl LX. This is an incredible opportunity for our city. Good luck ⁦@49ers⁩ — San Jose would be honored to have you!” San Jose Mayor Matt Mahan tweeted.

Lisa Gillmor, Santa Clara’s mayor, did not immediately issue a comment via Twitter; she’s had a contentious relationship for years with the 49ers and their operating of Levi’s Stadium.

“I’ve been in the job for a couple of months and have already spent a lot of time with the City of Santa Clara,” said Zaileen Janmohamed, president and CEO of the Bay Area Host Committee. “They were fully supportive for the Super Bowl bid and we are in ongoing conversations now in how to operationalize both events.”

Next season’s Super Bowl will be the first at the Las Vegas Raiders’ Allegiant Stadium, and the 2024 season will end at the event’s most frequented venue, New Orleans’ Superdome, which will host for an eighth time.

Building a new stadium typically sets up a city to host a Super Bowl, for those that can’t offer tropical climates in the winter such as Miami, host city of 11 Super Bowls.

But getting the Super Bowl to return is no guarantee. Among the cities that have hosted once in the past 20 years: Jacksonville (2005), Arlington, Texas (2011), East Rutherford, New Jersey (2014), Minneapolis (2018), Atlanta (2019) and Inglewood (2022), though the Rams’ and Chargers’ Southern California home is reportedly seeking the 2027 Super Bowl.

ECONOMIC IMPACT

How much money will be infused into the Bay Area is up for interpretation.

A study of Super Bowl 50 from a research firm, Sportsimpacts, had a “net positive impact” of over $240 million for the Bay Area, according to that Super Bowl’s host committee. More than half of those revenues benefitted San Francisco (57%), and the next most went to San Jose (12.3%) and Santa Clara (7.2%).

San Francisco’s Moscone Center hosted the NFL Experience and was the hub for most visitors. A report from the city controller stated that San Francisco made $2 million off Super Bowl activities, with $11.6 million in revenues and $9.6 million in expenses.

The Super Bowl host committee estimated 1.1 million fans (visitors and residents) attended San Francisco’s activities, adding that $13 million was raised for Bay Area youth organizations.

The Super Bowl also affords regions immense exposure through the television broadcast, and this past Super Bowl was the most-watched telecast in history, with 115.1 million watching the Kansas City Chiefs beat the Philadelphia Eagles in Glendale, Arizona. That was the same stadium that hosted the 2015 Super Bowl, a year ahead of Santa Clara’s first time hosting.

Deposits are being accepted for Super Bowl seating and hotel options through NFL partner “On Location” hospitality services.

“My vision for the host committee and Super Bowl LX is to inspire a cultural movement in our region,” Janmohamed said. “We have the right knowhow. We have excitement and anticipation in our communities. And we are in the heart of Silicon Valley. The excitement, that the NFL also has, is our ability to create what’s next in fan engagement and fan excitement.”

 

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49ers seek funds to spruce up Levi’s Stadium for World Cup, Super Bowl bid https://www.siliconvalley.com/2023/03/28/49ers-seek-funds-to-spruce-up-levis-stadium-for-world-cup-super-bowl-bid/ Tue, 28 Mar 2023 17:39:35 +0000 https://www.siliconvalley.com/?p=569987&preview=true&preview_id=569987 The 49ers believe Levi’s Stadium, which opened less than a decade ago, needs a makeover, and the Santa Clara-based franchise wants to borrow from the NFL for upgrades ahead of hosting 2026 World Cup soccer games.

Seats and scoreboards will be enhanced if the 49ers secure $120 million from the NFL’s stadium fund, which the franchise sought to secure Tuesday at the league meeting in Phoenix, The Athletic reported.

Enhancements could also lead to the Super Bowl’s return to Levi’s Stadium, which is owned by the city of Santa Clara and managed by the 49ers in what’s been a contentious relationship. The NFL is set to announce in May the sites for Super Bowl 60 and 61; Levi’s Stadium hosted Super Bowl 50 to cap the 2015 season.

“My optimism is very high,” 49ers CEO Jed York told reporters at the league meeting, per SI.com.  “I feel fairly confident. I don’t know for sure we’ll get Super Bowl 60, but I feel very confdient we’ll get a Super Bowl in the near future.

“It’d be great to get Super Bowl 60 after hosting Super Bowl 50. It’d be great to get that game after bringing the world cup to Levi’s Stadium. Those are two of the largest sporting events in the world and having them back-to-back would be fantastic.”

Next season, Super Bowl 58 will be held in Las Vegas, followed by Super Bowl 59 in New Orleans.

Renovations would begin next year, after this coming season, and stadium suites could be renovated and expanded, from 170 to 179.

“When you spend a lot of money on building a new stadium, you watch some of the stadiums that aren’t upgraded, and it’s very easy for them to fall into disrepair,” York said. “You want to make sure that you’re re-investing in your stadium. Because I went through a stadium process. It’s not a fun, making-you-younger type of process.

“The more that we can enhance Levi’s Stadium, the more that we can put into the stadium and keep it our home for a long period of time, we’re going to continue to do that.”

Updating suites also is a key part of the 49ers’ incentive to attract local businesses.

“We’re in the heart of Silicon Valley and the heart of the second largest concentration of Fortune 500 companies,” Brent Schoeb, the 49ers’ chief revenue officer, told The Athletic. “Based on that segment’s feedback, they want a top tier VIP entertainment for their customers, and then also coming out of COVID for their employees, as well. So we certainly think we can increase the value proposition with all these renovations, which in turn will certainly help generate more revenue.”

York declined to address the 49ers’ front office purge in February of several vice presidents, as well as long-time director of stadium operations Jim Mercurio.

As for the 49ers’ financial approach to their roster, York had no qualms with their approach at quarterback, in which they spent big to draft Trey Lance at No. 3 overall in 2021, only to find a hidden gem at No. 262 last year with Brock Purdy.

“You can’t worry that Trey hasn’t played as many games as we we would have liked. It’s not his fault. He got injured,” York said. “And when you look at when we drafted him, we wanted to make sure that we had a young quarterback on a rookie contract that allows you to say, ‘Alright, Javon is kind of a bonus.’

“There’s a delta in what you’re spending on your quarterback compared to what others are spending on their quarterback,” York continued. “I hope that one of these three quarterbacks gets a massive, massive extension with the 49ers at some point, but until then, we’re going to make sure that we build this thing around a young quarterback with a very team-friendly contract. Again, the ultimate goal is to win a championship. It’s not to say that this draft pick or this decision was the perfect decision. It’s to win the Super Bowl.”

The annual budget could again include an extended stay on the East Coast between road games this season, such as their layovers at The Greenbrier Resort in West Virginia each of the past three seasons.

“I’m not sure staying in the same place every year is ideal, but if you have to spend $1 million to stay somewhere, but that takes 10 hours of travel out and takes inflammation out of guys’ bodies and it gives you a better chance to win, I will spend $1 million any time to win a game,” York said.

As for the stadium loan, franchises get a low-interest rate, and they can avoid repaying 34 percent by retaining shared revenue, per The Athletic.

Levi’s Stadium’s upcoming events, aside from the 49ers’ eight regular-season home games, include a golf event April 7-8, a San Jose Earthquakes game May 6, and then the high-revenue concerts of Taylor Swift (July 28-29), Beyonce (Aug. 30) and Ed Sheeran (Sept. 16).

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49ers Chip Kelly, Colin Kaepernick review Microsoft Surface tablets, which Bill Belichick is ‘done’ using https://www.siliconvalley.com/2016/10/21/49ers-chip-kelly-colin-kaepernick-review-microsoft-surface-tablets-which-bill-belichick-is-done-using/ https://www.siliconvalley.com/2016/10/21/49ers-chip-kelly-colin-kaepernick-review-microsoft-surface-tablets-which-bill-belichick-is-done-using/#respond Fri, 21 Oct 2016 17:50:22 +0000 https://www.siliconvalley.com?p=75947&preview_id=75947  

SANTA CLARA — Ranting about Microsoft’s unreliable, sideline tablets is not a priority for 49ers coach Chip Kelly and quarterback Colin Kaepernick, not with a five-game losing streak in tow for Sunday’s game against the Tampa Bay Buccaneers.

But both Kelly and Kaepernick confirmed this week that they’ve experienced problems with the Microsoft Surface tablets. They’re just not as fed up with them as New England Patriots coach Bill Belichick, who’s lambasted the imperfect technology for years and finally declared this week: “I’m done with the tablets.”

“There have been times when there are some glitches in them,” Kelly said. “And there are some times when it’s really sunny out that it’s tough to see the tablets.

“I haven’t had any issues where they just don’t work,” Kelly added. “Sometimes it doesn’t work perfect and you have to shake it a little bit.”

Kaepernick also said, half-jokingly, he’s had to knock the tablet on the side to get the screen to unfreeze.

“That happens every once in a while and they have to reboot it,” Kaepernick said.

The tablets and helmet-to-coach radio weren’t problems Sunday when Kaepernick made his first start of the season in a 45-16 loss at Buffalo. “No, we didn’t really have too much of an issue there,” Kaepernick said.

Microsoft has supplied sideline tablets since 2013, but only still images may be shown during games; video was allowed during this past exhibition season.

“I don’t know if it’s because we are so close to home base but, shoot, I think the quality of our stuff has been great,” Seattle Seahawks coach Pete Carroll told the Seattle Times this week. (The Seahawks are owned by Microsoft co-founder Paul Allen.)

Belichick, in a 5-minute rant Tuesday about tablets, told reporters: “They’re just too undependable for me. I’m going to stick with (print) pictures, which several of our other coaches do, as well, because there just is not enough consistency in the performance of the tablets. I just can’t take it anymore.”

Microsoft responded with a statement:“We respect Coach Belichick’s decision, but stand behind the reliability of Surface. We continue to receive positive feedback on having Surface devices on the sidelines from coaches, players and team personnel across the league. In the instances where sideline issues are reported in NFL games, we work closely with the NFL to quickly address and resolve.”

The NFL, which owns and maintains the sideline technology equipment, issued its own statement: “Microsoft is an integral, strategic partner of the NFL and implementing their technology on our sidelines has increased the efficiency and speed of collaboration between coaches and players to an all-time high. Within our complex environment, many factors can affect the performance of a particular technology either related to or outside of our partner’s solutions. We continue to work with all of our partners to ensure the best systems are in place to most effectively assist the clubs in the execution of their game plan.”

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