John Edward “Jed” York is an American businessman and the CEO of the San Francisco 49ers NFL team. York is the child of Denise DeBartolo York and John York, nephew of former 49ers owner Edward J. DeBartolo Jr. and a board member of Leeds United.
York was born and reared in Youngstown, Ohio, and attended St. Charles Elementary and Cardinal Mooney High Schools. In high school, he was the baseball team captain and senior class president. He holds a bachelor’s degree in finance and history from the University of Notre Dame.
What is the Salary and Net Worth of Jed York?
The American business executive Jed York possesses a substantial net worth of $200 million. Jed York’s most prominent position is that of chief executive officer of the San Francisco 49ers. Edward J. DeBartolo Jr., nephew of Jed, formerly owned the San Francisco 49ers. 1977 saw Eddie acquire the NFL team for $17 million.
The current value of the franchise is approximately $4 billion. Following a series of legal complications, Eddie relinquished ownership of the team to his sister Denise (Jed’s mother) after 23 years. Father of Eddie and Denise, Edward Sr., amassed a substantial fortune predominantly through the sale of shopping malls. Jed is attributed with contributing to the 49ers’ transformation.
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As soon as he assumed the role of CEO, the organization was in a dire situation. Disagreements between the general manager and head coach were extremely detrimental, and it is widely acknowledged by analysts that their roster construction at this juncture was among the worst in the league.
When Did Jed York Take Over the San Francisco 49ers as Its Owner?
In 2005, Jed York became the first member of the 49ers ownership board, led by his mother Denise, who took over the team after her brother Eddie was involved in a gambling controversy. After three years, he was named CEO and president of the team.
Despite making two Super Bowl appearances during his tenure, he has been criticized for being difficult to get along with. The most well-known was the firing of former head coach Jim Harbaugh in early 2015, allegedly due to a power dispute with then-general manager Trent Baalke, whom York supported, despite the first of said Super Bowl trips and two additional NFC Championship Game berths.
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In the two seasons following Harbaugh’s dismissal, the 49ers finished 7-25, and they wouldn’t start winning again until general manager John Lynch and head coach Kyle Shanahan took over.
Controversy Related to Jed York
In 2020, Jed York encountered controversy following allegations made by Santa Clara Mayor Lisa Gillmor that he attempted to bribe the city council election. A total of four council seats were in contention, and York reportedly contributed more than $3 million to the Citizens for Efficient Government and Full Voting Rights Super PAC. His support for the campaigns of four candidates for Santa Clara resulted in numerous critics asserting that Jed was attempting to “buy the city.”
The $3 million in contributions made by York is equivalent to approximately $100 per registered voter in the city council districts he sought to represent. According to a senior scholar at the Markkula Center for Applied Ethics, Jed’s objective in securing these four city council seats was to increase his financial gain by leveraging the 49ers’ dependable influence in the government.