Overview
- NFL team owners voted unanimously Wednesday to approve the sale of the Seattle Seahawks to a consortium led by Vinod Khosla.
- Media reports put the agreed purchase price at $9.612 billion, which would be the highest price ever paid for an NFL franchise.
- Vinod Khosla has said he is honored to be named lead owner and must sell his minority stake in the San Francisco 49ers before the sale can be completed.
- The Paul G. Allen Estate is conducting the sale and has indicated the proceeds will be donated to charity while the team is expected to stay in Seattle under its Lumen Field lease through 2032 with extension options.
- The transaction closes a chapter on Allen family ownership dating to 1997, surpasses the 2023 Commanders sale as a market benchmark, and could shape future NFL franchise valuations and local economic plans in Seattle.