Seahawks sale to Khosla family approved by NFL owners for record $9.6 billion
NFL owners unanimously approved the sale of the Seattle Seahawks to the Khosla family on Wednesday, a record $9.6 billion transaction that still has one final procedural step before it is fully official.
The Seattle Seahawks have a new ownership group. NFL owners unanimously approved the sale of the franchise to the Khosla family on Wednesday, per Gregg Bell of The News Tribune, a record $9.6 billion transaction that ends the Paul Allen estate's stewardship of the team.
Gregg Bell (@Gbellseattle): As expected, NFL team owners give unanimous approval of the sale of the #Seahawks to the Khosla family for a record $9.6 billion. There is one, final step to go until it becomes officially official, likely by the opener Sept. 9: https://www.thenewstribune.com/sports/nfl/seattle-seahawks/article317018803.html @thenewstribune
Bell reported the approval as expected and unanimous, with the Khosla family — led by tech entrepreneur Vinod Khosla — taking over the reigning Super Bowl champions. Bob Condotta of The Seattle Times separately confirmed the vote, noting earlier in the day that commissioner Roger Goodell was heading into the meeting where owners would ratify the sale.
Bob Condotta (@bcondotta): Updated story - NFL owners approve Seahawks sale to group led by Khosla family | The Seattle Times https://www.seattletimes.com/sports/seahawks/nfl-owners-approve-seahawks-sale-to-group-led-by-khosla-family/
There remains one final procedural step before the deal is fully official, likely to clear by the Sept. 9 opener. Khosla has said the family will take a long-term approach to stewardship of the team, a message aimed at a fan base that watched the franchise win its second Lombardi just last season.
The $9.6 billion price tag sets a new high-water mark for an NFL franchise sale, reflecting both the league's media-value surge and the premium attached to a recent champion with a young roster. For Seattle, the change at the top arrives with the regular season nearly upon them — and with the new owners pledging patience over splash.