Business & Finance
Khosla family completes $9.6 billion purchase of the Seattle Seahawks
The transaction follows NFL approval and fulfills the estate directives of late owner Paul Allen.
The short version
- The Khosla family completed its acquisition of the NFL's Seattle Seahawks for $9.612 billion.
- Neeru Khosla assumes the role of controlling owner, with venture capitalist Vinod Khosla serving as chair and Neal Khosla as vice chair.
- The transaction fulfills the estate plan of late owner Paul Allen, who passed away in 2018.
- To finalize the acquisition, the Khosla family surrendered its existing minority stake in the San Francisco 49ers.
Key facts
- The Khosla family formally closed its purchase of the Seattle Seahawks for $9.612 billion after receiving approval from NFL owners eight days prior.[Associated Press]
- Neeru Khosla serves as controlling owner and president of the Seahawks Charitable Foundation, Vinod Khosla serves as chair, and Neal Khosla serves as vice chair.[Associated Press]
- The ownership group includes 12 co-owners and investment firms, including Carlyle, Dynasty Equity, and Sixth Street.[Associated Press]
- The estate of former owner Paul Allen initiated the sales process in February in accordance with his directives.[Associated Press]
- The Khosla family relinquished its prior ownership interest in the San Francisco 49ers to complete the transaction.[Associated Press]