The Seattle Seahawks are being sold for a record price sale price in the NFL.
The estate of Paul G. Allen, the Microsoft CEO who died in 2018, announced a 9.6 billion sale to a group led by venture capitalist and San Francisco 49ers minority owner Vinod Khosla on Saturday, July 11.
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“We are honored to be entrusted as the next stewards of the Seattle Seahawks. We look forward to building on the winning legacy of Paul Allen created and earning the trust of Seahawks organization and fans everywhere,” Kohsla, 71, said in a statement.
The Seattle Seahawks logo is projected on the Ferry Building on Feb. 6, 2026, in San Francisco.
How much did the Seattle Seahawks sell for?
The Seahawks’ final price tag was $9.612 billion, according to ESPN’s Adam Schefter. The deal is subject to approval by the leauge’s owners, which is expected to be Aug. 26, per ESPN.
The Seahawks were formally put up for sale after their victory over the New England Patriots in Super Bowl 60.
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Who is Vinod Khosla?
Khosla, who was born in India and completed his MBA at Stanford in 1980, founded Khosla Ventures, a venture capital firm. He has a net worth of $13.7 billion, according to Forbes.
Why were the Seahawks sold?
The Seahawks were put up for sale less than a month after hoisting the Lombardi Trophy, the team announced in a statement.
“The Estate of Paul G. Allen today announced it has commenced a formal sale process for the Seattle Seahawks NFL franchise, consistent with Allen’s directive to eventually sell his sports holdings and direct all Estate proceeds to philanthropy,” a Feb. 18 statement read.
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Allen, who co-founded Microsoft Corporation, purchased the Seahawks in 1997 for $194 million. Allen died at age 65 and team ownership was transferred to the Allen estate, managed by his sister Jody.
Seahawks coach Mike Macdonald was asked about a potential sale of the franchise leading up to Super Bowl 60.”To go with the sale and the ownership… nothing’s changed from two weeks ago or nothing’s changed since I interviewed for the job with Jody two years ago,” Macdonald said.
This article originally appeared on USA TODAY: Seattle Seahawks sold to current NFL owner for record price. Who is Vinod Kohsla?
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