sports
NFL owners approve $9.6 billion sale of Seattle Seahawks
The Super Bowl champions are a step close to being officially under new ownership after the sale of the Seattle Seahawks was approved by NFL team owners on Wednesday.
TL;DR
- NFL owners have unanimously approved the sale of the Seattle Seahawks.
- The sale is to an investor group led by Indian billionaire Vinod Khosla for $9.6 billion.
- This price sets a new record for the NFL.
- The sale will end the Allen family's 29-year ownership of the team.
- Vinod Khosla is a limited partner of the San Francisco 49ers and must divest before finalizing the Seahawks purchase.
- Neeru Khosla, Vinod's wife, will serve as the controlling owner.
- Paul Allen originally purchased the Seahawks in 1997 for $194 million.
- Paul Allen's sister, Jody, has also endeavored to sell his NBA team, the Portland Trail Blazers.