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Niners Have Sold $138 Million in Luxury Suites

According to Mike Rosenberg of the San Jose Mercury News, the 49ers have sold $138 million in luxury suites.

The sale is a sorely needed touchdown for the local football franchise, already dealing with a yearlong delay to its stadium construction, the NFL lockout and the pending death of redevelopment agencies, which jeopardizes its funding plan.

“These remarkable sale results should answer anyone who asks if the stadium in Santa Clara will be a reality,” Mayor Jamie Matthews said. Team officials said the buyers have not given permission to disclose their names yet, but a majority of suite owners so far are individuals, along with some companies.

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