The Estate of Paul G. Allen announced that it entered into a formal sale agreement with an ownership group led by the Khosla family, including Vinod Khosla, for the Seattle Seahawks NFL franchise. The deal was undisclosed but ESPN’s Adam Schefter reported that it was for $9.612 billion.
Under the agreement, the Khosla family would become the controlling owner of the Seahawks. Terms of the transaction were not disclosed.
The transaction remains subject to NFL approval, which is expected to take place in the months ahead. If approved, the agreement would mark a major ownership transition for one of the NFL’s most recognizable franchises.
Paul G. Allen, who acquired the Seahawks in 1997, helped shape the franchise into a consistent NFL contender during his ownership. The team’s modern era included multiple playoff appearances, two Super Bowl trips, and a Super Bowl XLVIII championship.
The Khosla family said it intends to build on the winning legacy established under Allen’s ownership. The incoming ownership group also emphasized earning the trust of the Seahawks organization and its fan base.
The Seahawks are based in Seattle and compete in the National Football League. The franchise has become one of the league’s most prominent teams in the Pacific Northwest, supported by a deeply loyal fan base.
KEY QUOTES:
“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.”
Vinod Khosla, on behalf of the Khosla family
