The Seattle Seahawks are set to change hands after the franchise announced Saturday that it has reached an agreement to sell the team to a new ownership group led by the Khosla family.
Vinod Khosla, the venture capitalist and Sun Microsystems co-founder, said in a statement, “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.”
The Paul Allen estate, which inherited the NFL team after Allen’s death in 2018, has been working to find new owners. Allen’s will stipulated that the team be sold, and assets be distributed to various charities.
Terms of the deal were not disclosed, though the Tacoma News Tribune reported it to be for an NFL record $9.61 billion. The transaction must still be approved by the NFL, which should be put to a vote in the coming months.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
