- Khosla family has reached a $9.6 billion agreement with the Paul Allen estate to purchase the Seattle Seahawks, marking a record price for an NFL franchise.
- The Seahawks confirmed the pending sale in a statement, although financial terms were not disclosed.
- Neeru Khosla will be the controlling owner of the Seahawks, as confirmed by a social media post from the team.
- Vinod Khosla, a limited partner with the San Francisco 49ers, will need to sell his minority stake in that team as part of the agreement.
- The transaction is subject to approval by at least 24 of the NFL's 32 owners, with a vote expected at a league meeting next month.
- The Seahawks have been owned by the Allen family since 1997, when Paul Allen purchased the team for $194 million.
- The NFL ownership change prior to this was in 2023, when a group led by Josh Harris bought the Washington Commanders for $6.05 billion.
- The Seahawks are coming off their second Super Bowl victory in franchise history, which adds to the significance of the sale.
The Khosla family has officially entered into a $9.6 billion agreement to purchase the Seattle Seahawks, a record-setting price for an NFL franchise. This deal marks a significant transition for the team, which has been under the ownership of the late Paul Allen's estate since 1997.1268
Vinod Khosla, a limited partner with the San Francisco 49ers, will be required to sell his minority stake in that team to become the Seahawks' controlling owner. Neeru Khosla will take on the role of controlling owner, with their son Neal also involved in the ownership group.34
"We are honored to be entrusted as the next stewards of the Seattle Seahawks," Vinod Khosla stated, expressing a commitment to uphold the legacy of Paul Allen, who passed away in 2018. The Khosla family aims to build on the Seahawks' recent success, including their latest Super Bowl victory.
The sale is subject to approval by at least 24 of the NFL's 32 owners, with a vote expected at an upcoming league meeting. The Seahawks' reported sale price of $9.6 billion surpasses the previous record of $6.05 billion set by the Washington Commanders in 2023, although it does not exceed the $10 billion sale of a sports franchise last October.7
The Khosla family’s acquisition of the Seahawks is a historic moment in the franchise's 51-year history, as they become the fourth ownership group. The team has a lease at Lumen Field through 2032, ensuring its presence in Seattle for the foreseeable future.
The transaction remains subject to NFL approval in the months ahead, with the Khosla family eager to finalize the deal and begin their stewardship of the team.5
“The sale price is reported at $9.612 billion, surpassing the previous NFL record of $6.05 billion for the Washington Commanders. Vinod Khosla, a minority owner of the San Francisco 49ers, must sell that stake before the deal closes, and the sale requires approval from 24 of 32 NFL owners.”
Fox News
NFL.com
Seattle Seahawks
NBC Sports
