NFL owners have approved the $9.612bn record sale of the reigning Super Bowl champions Seattle Seahawks to a group led by billionaire Vinod Khosla.
The deal, which required the support of at least 24 of 32 owners, is currently the second highest amount paid for a franchise in North American sports history.
The estate of Paul G. Allen, which inherited the NFL team after the death of the Microsoft co-founder in 2018, agreed to terms with the Khosla family on 11 July after a search for a new owner.
And now approved, the sale surpasses the $6.05bn the Washington Commanders fetched when they were sold in 2023, although the NBA’s Los Angeles Lakers were subsequently sold for $10bn in 2025 and are currently in the process of changing ownership again for a reported $12.5bn.
“We are honoured to be entrusted as the next stewards of the Seattle Seahawks. How often do you get to buy a franchise that just won the Super Bowl?” said Khosla.
“We are incredibly lucky and humbled by this gift, I would say, from the Allen trust.”
“We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organisation and fans everywhere.”
Speaking at a press conference on Wednesday, Khosla, who will have to relinquish a minority stake in the San Francisco 49ers as part of his agreement to buy the Seahawks, added: “The task ahead is actually pretty simple – keep the winning streak alive, get another Super Bowl.
“Our approach is generally going to be long-term focused, that’s our inclination always. So, keep winning, take a long-term approach, and learn a lot. We don’t know enough, and the other owners have been incredibly welcoming and willing to teach us, so we’ll learn a lot.
“We’ll learn from management and see what they are recommending.”
Khosla, 71, was the co-founder of US technology company Sun Microsystems and the founder of the venture capital firm Khosla Ventures and has a net worth of $13.2bn, according to Forbes. , external
Former owner Allen saved the Seahawks from relocating to Southern California when he bought the team from Ken Behring in 1997.
His sister, Jody Allen, took control of the Seahawks and the NBA’s Portland Trail Blazers as chair of both teams upon her brother’s death with a directive to eventually sell both and donate the proceeds to charity.
In the 29 seasons in which Paul or Jody Allen were in charge, the Seahawks made the play-offs 17 times and won two of the four Super Bowls they contested.