Overview
- The Estate of Paul G. Allen announced a formal agreement with a Khosla-led ownership group on Saturday to sell the Super Bowl champion Seahawks for about $9.6 billion, a reported NFL record.
- The deal must clear league due diligence and a membership vote expected in late August after review by the NFL finance committee.
- NFL rules require the Khosla family to sell their minority San Francisco 49ers stake before the Seahawks purchase can be finalized.
- Neeru Khosla is listed to serve as the controlling owner under the announced structure and Neal Khosla is expected to hold a major leadership role in the investor group.
- All proceeds will be directed to charity under Paul Allen’s estate instructions, marking the next chapter in the estate’s sales process that included the recent Trail Blazers transaction.