​On July 11, the Estate of Paul G. Allen announced that it had finalized a formal sale agreement for the Seattle Seahawks after months of speculation about possible ownership changes. The agreement was reached with an ownership group led by the Khosla family for the Seattle Seahawks NFL franchise, according to the Allen estate.
“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,” said Vinod Khosla, on behalf of the Khosla family. Under the terms of the arrangement, the Khosla family will become the team’s controlling owner. This group also includes Vinod Khosla, who is a limited partner with the San Francisco 49ers.
As part of the deal to purchase the Seahawks, Khosla will be required to divest his shares in the 49ers. Vinod Khosla is a 71-year-old billionaire businessman who founded Sun Microsystems and later established Khosla Ventures. He started Sun Microsystems in 1982, and the company was acquired by Oracle in 2010. Born in India, Khosla immigrated to the United States in 1976 at the age of 21.
Forbes estimates his net worth at approximately $15.6 billion. While the exact terms of the Seahawks purchase have not been disclosed publicly, ESPN NFL senior insider Adam Schefter reported that the deal was agreed upon for roughly $9.6 billion. The public disclosure of the definitive price and contractual specifics remains limited at this time.