SCH News & Analysis

Seattle Seahawks (NFL) Sold for $9.612 Billion to Khosla Family

The Seattle Seahawks have entered into a formal agreement to be sold to the Khosla family for $9.612 billion, pending NFL approval. The deal honors the wishes of the late owner Paul Allen, who purchased the team in 1997 for $194 million. Vinod Khosla, founder of Khosla Ventures, will head the new ownership group, which must also divest their minority stake in the San Francisco 49ers. The Seahawks have a lease at Lumen Field that extends to 2032. This transaction highlights the team's substantial valuation increase and its significance for the NFL market.