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NFL Owners Approve Record $9.6 Billion Sale of Seattle Seahawks to Vinod Khosla Group
NFL owners have unanimously approved the sale of the Seattle Seahawks to a group led by tech billionaire Vinod Khosla for an enterprise value of $9.612 billion, the largest team sale in the league's history.
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NFL owners voted unanimously to approve the sale of the Seattle Seahawks to a group led by tech billionaire Vinod Khosla, a limited partner in the San Francisco 49ers, at a league-record enterprise value of $9.612 billion. The Khosla family had entered into a formal agreement with the estate of the late Paul Allen, the Seahawks' longtime owner, on July 11 to acquire the franchise.
The deal marks the largest sale of a sports team in NFL history and one of the largest in the history of professional sports globally. The Khosla-led group beat out a rival bid from a group led by former Boston Celtics owner Wyc Grousbeck and steel industry heir Aditya Mittal, who had reportedly been offered a chance to buy a smaller stake in the team after losing the primary bidding.
The sale price reflects the continued surge in NFL franchise valuations, driven by lucrative national media rights deals and growing investor demand for sports team ownership. Allen, a Microsoft co-founder, purchased the Seahawks in 1997 and owned the team until his death in 2018, after which the franchise was held in trust by his estate pending a sale.
Key facts
- NFL owners unanimously approved the $9.612 billion sale
- It is the largest team sale in NFL history
- The buyer is a group led by tech billionaire Vinod Khosla
- The Seahawks were previously owned by the estate of Paul Allen, who died in 2018
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