The Seattle Seahawks have their next owners. The Estate of Paul G. Allen reached an agreement Saturday to sell the franchise to a group led by the Khosla family for $9.612 billion, ESPN’s Adam Schefter reported — the largest sale price in NFL history, well clear of the $6.05 billion Josh Harris’s group paid for the Washington Commanders in 2023.
A league memo obtained by Schefter laid out the structure: “Following a thorough sales process run by Allen & Co., the Estate of Paul Allen has reached agreement to sell the Seattle Seahawks to the Khosla family and several limited partners, subject to membership review and approval.” Neeru Khosla would serve as controlling owner, alongside her husband, venture capitalist Vinod Khosla, and their son Neal. The family currently holds a limited-partner stake in the San Francisco 49ers and is required to divest it as a condition of the deal.
The Khosla bid won out over the other finalist, a group fronted by Boston Celtics alternate governors Wyc Grousbeck and Aditya Mittal — the two-group shortlist Front Office Sports reported earlier this month. How the purchase is financed, and how many limited partners will sit alongside the family, has not yet been disclosed, per Sportico’s Scott Soshnick and Eben Novy-Williams.
The deal now goes to the NFL’s finance committee for review, and Schefter reports owners have been asked to hold August 26 for a meeting to vote on approval. If that timetable holds, the fourth ownership group in the franchise’s 51-year history will be in place before the defending Super Bowl champions open their title defense in September.
Paul Allen bought the team in 1997, a purchase widely credited with keeping the Seahawks in Seattle, and owned it until his death in 2018. His sister Jody Allen has served as controlling owner since, with the terms of his will setting the timeline that put the team on the market in February — days after the franchise’s second championship. The estate’s other team, the NBA’s Portland Trail Blazers, has already been sold under the same terms.
The price answers one question that hung over the process: after early doubts that bidding would reach $10 billion, the final figure landed close enough to prove the market for this franchise was every bit as strong as the estate hoped. What the Khosla family intends for the front office, the roster, and the building comes next — and a fan base that has known one owner family for nearly three decades will be listening closely between now and August 26.
