Seahawks sold to 49ers minority owner for record $9.6 billion

The Seattle Seahawks are set to be sold to the Khosla family, which includes Vinod Khosla, for a record-breaking $9.612 billion. This agreement follows the wishes of the late team owner Paul Allen and is pending approval from the National Football League (NFL).

The Khosla family will assume controlling ownership of the defending Super Bowl champions. Vinod Khosla stated in a release, "We are honored to be entrusted as the next stewards of the Seattle Seahawks." He added, "We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere."

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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 Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere.

In a subsequent post on X, Vinod Khosla shared his excitement about joining the franchise and noted that "the money all go[es] to a non-profit." He indicated that no further comments would be made until the sale is finalized. The sale process began on February 18, with investment bank Allen & Company LLC and law firm Latham & Watkins overseeing the transaction.

As part of the deal, the Khosla family must relinquish their ownership stake in the San Francisco 49ers. NFL owners are expected to convene in August to formally approve the purchase agreement. The Seahawks have remained in Seattle since Paul Allen acquired the team for $194 million in 1997. The team's lease at Lumen Field extends through 2032, with options for three additional 10-year terms.

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Excited to be part of this great franchise. Also excited to see the money all go to a non-profit. No other comments till sale is final.