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49ers enterprises owns two soccer teams. Leeds United in EPL and Rangers F.C in Scottish premiership. It's an investment arm of the team headed by the 49ers owner Jed York and 49ers enterprises President Paarag Marathe.

They owned 100% of Leeds (seems they are taking outside investors like Crosby now) and 51% of Rangers F.C.

Personally I find it annoying because Jed York used to be one of the best owners and very willing to spend cash beyond the salary cap by paying players cash bonuses to retain them or restructure their contracts to keep the team under the cap but he got very cheap last year after they bought the second soccer team. Hopefully just a one year reset and not a trend.