The Khosla family has reached an agreement to buy the defending Super Bowl champion Seattle Seahawks for $9.612 billion, according to sources cited by CNBC.
Key facts
- The Khosla family has agreed to purchase the Seattle Seahawks for $9.612 billion, according to sources cited by CNBC.
- The Seahawks are the defending Super Bowl champions, having won their second title in franchise history, per CNBC.
- Paul Allen's estate announced on 18 February that it was selling the team, CNBC reported.
- The reported purchase price was attributed to sources by CNBC rather than an official announcement.
The Khosla family has agreed to purchase the Seattle Seahawks for $9.612 billion, according to sources cited by CNBC. The agreement would transfer ownership of one of the NFL’s most prominent franchises.
The Seahawks enter the sale as the defending Super Bowl champions, having secured the second Super Bowl victory in the franchise’s history, according to CNBC.
The sale process began earlier in the year. Paul Allen’s estate announced on 18 February that it was selling the team, CNBC reported, setting in motion the search for a new owner that has now culminated in the reported agreement with the Khosla family.
The reported purchase price of $9.612 billion was attributed to sources by CNBC. As with many high-profile sports transactions, the terms were disclosed through people familiar with the matter rather than an official announcement at the time of reporting.
Further details of the transaction, including terms and any required league approval, were not specified in the available reporting.
Why it matters
Ownership changes of major professional sports teams carry significant financial and competitive implications, and the reported $9.612 billion figure reflects the rising valuations of NFL franchises. For Seahawks fans and the wider sports business world, the identity of the buyer shapes the future direction of a defending champion team.
Frequently asked questions
How much are the Khosla family reportedly paying for the Seahawks?
According to sources cited by CNBC, the Khosla family has agreed to purchase the Seattle Seahawks for $9.612 billion.
Why were the Seahawks up for sale?
Paul Allen's estate announced on Feb. 18 that it was selling the team.
What is the Seahawks' recent record?
The Seahawks are the defending Super Bowl champions, having won the second Super Bowl title in the franchise's history.