Vinod Khosla Buys Seattle Seahawks for $9.6 Billion, Nearing Record $10 Billion Lakers Sale
Updated
Updated · Sportico · Jul 11
Vinod Khosla Buys Seattle Seahawks for $9.6 Billion, Nearing Record $10 Billion Lakers Sale
3 articles · Updated · Sportico · Jul 11
Summary
$9.6 billion will make Vinod Khosla's purchase of the Seattle Seahawks one of the richest control sales in sports, with the Allen estate confirming the Khosla family as new control owner.
Paul Allen's estate put the defending Super Bowl champions up for sale under his will, which directed his sports assets to be sold for charitable causes after his 2018 death.
Khosla's group beat several bidders, including one led by billionaire Aditya Mittal, though the deal's financing was not disclosed and NFL rules cap debt at $1.5 billion.
The transaction tops the $6.05 billion paid for the Washington Commanders and trails only the $10 billion Los Angeles Lakers sale among control deals.
Khosla, worth about $13.7 billion, already owns a stake in the San Francisco 49ers and will need to sell that equity if the Seahawks deal closes.