America's F1 hopeful Colton Herta pulls out of the sprint F2 race in Madrid with illness, but it comes after the FIA penalised him to start from the pitlane.
It is not going well for America's F1 hopeful Herta at all in the FIA Formula 2 (F2) Championship in 2026. Having taken a big step to move away from IndyCar in the hope of securing enough superlicence points to race in Formula 1, potentially with Cadillac, the season hasn't gone his way at all.
Racing for Hitech GP, Herta is 17th with 26 points after 10 rounds, with a best result of fifth. The American is racing at F1's new Madring circuit in Madrid on Spanish GP weekend. He started it well in fourth. He was doing well in qualifying in the Top 10 for the most part.
However, he dropped to 12th in the end after he suffered a crash at Turn 19 to end the session. Following the day's run, just before Restricted Period One kicked in for F2 teams, Hitech GP found a problem with the American's car, which they started to work on.
Since it was a priority, they continued working into Restricted Period One and therefore were in breach of Article 21.6a of the F2 regulations. The technical delegate reported the matter, and the stewards duly penalised him with a pitlane start in Madrid's sprint race on Saturday.

#herta #madrid

Photos by VR46 Racing Team.
Franco Morbidelli will serve a long lap penalty in Sunday's Misano Grand Prix. The FIM MotoGP Stewards judged him guilty of "riding slowly online disturbing another rider," this time impeding Enea Bastianini at Turn 13 during Friday afternoon practice, according to the stewards' penalty notice.
The Stewards classified the incident as MGP-SR3, "Dangerous slow riding during any session," and made clear the punishment reflected a pattern rather than a single lapse. "Taking into account the rider's multiple offences during the season, the appropriate penalty in this case is a Long Lap Penalty," the notice read. Crucially, the sanction applies only to Sunday's Grand Prix and not the Sprint on Saturday. To serve the penalty, Morbidelli will need to ride through a designated path off the racing line, which can typically add 2 to 5 seconds of lap time.
"I know it's a pity and I know a lot of people will hate, but I can **** ure you that my intention is never to be dangerous or to impede," Morbidelli posted on Instagram. "Let's be honest it happens because I'm not clever enough on those slowing down moments."
The penalty puts a damper on what may be Morbidelli's final home Misano weekend in the premier class. Morbidelli is leaving the VR46 team at the end of this season, and is expected to race for Ducati's World Superbike team in 2027. Squandering a Q2 starting berth with a long lap in front of his home crowd is exactly the kind of complication he didn't need on a farewell weekend on the Riviera.

#penalty #morbidelli #stewards #vr46

An independent energy development company and a long-time manufacturer of wood products have signed an agreement to develop geothermal projects in Washington and Oregon.Hexagon Energy and Weyerhaeuser Co. on September 10 said they have closed a deal covering that could provide an estimated 3 GW of geothermal power generation capacity in the Pacific Northwest. The land is part of Weyerhaeuser's portfolio of holdings. The company is one of the largest private owners of timberland in North America."Geothermal energy represents an emerging opportunity to provide clean and reliable, around-the-clock power, and our ownership presents a unique platform to evaluate that potential in the Pacific Northwest," said Kendall Fountain, vice president of Energy and Natural Resources for Weyerhaeuser. "This agreement supports the continued growth of our Climate Solutions business while aligning with our commitment to responsible land stewardship, sustainability and long-term value creation."
Hexagon Energy under the agreement will develop geothermal projects on Weyerhaeuser's landholdings in the two states. Hexagon said it has leased geothermal rights on about 145,000 acres across Washington and Oregon."We are excited to partner with Weyerhaeuser to develop this significant geothermal resource and bring abundant, clean, baseload energy to the Pacific Northwest." said Matthew Hantzmon, CEO of Hexagon Energy. "Our team is grateful that Weyerhaeuser entrusted us to unlock this valuable ***** et for them."
Read more about Hexagon Energy's work in this feature article in POWER, "Meet the Tools Helping Power Companies Separate Threats from Noise". To learn more about geothermal projects and trends worldwide, check out this geothermal article archive at powermag.com.
The companies on Thursday noted that their collaboration is concurrent with a rise in demand for geothermal energy, as part of an industry-wide push for more baseload, carbon-free power during a period of an increased need for electricity. Demand from artificial intelligence and data centers, among other power users, has driven a rise in projects utilizing both renewable and thermal energy.Hexagon Energy, headquartered in Charlottesville, Virginia, develops utility-scale wind, solar, standalone storage, and geothermal energy project across the U.S. The company has said its work covers the full spectrum of development and finance, including market ***** ysis, environmental diligence, site control, transmission ***** ysis, community engagement, state and local permitting, engineering, and financial modeling. Hexagon has developed and financed more than 3 GW of power generation capacity for U.S. electric utilities, representing more than $4.5 billion in investment. The company's current pipeline includes more than 10 GW of power under active development.Weyerhaeuser Co., based in Seattle, Washington, is among the world's largest private owners of timberlands. The company began operations in 1900 and today o

Peter Lynch built an impressive track record as the fund manager for Fidelity's Magellan Fund. Under his stewardship, from 1977 to 1990, the fund beat the S&P 500 index in 11 out of the 13 years. And it produced an impressive 29% average annual return.
Fortunately, Lynch shares his wisdom in a book called One Up on Wall Street. He describes his philosophy, which is buy what you know, research the company's fundamentals, and plan to make a long-term commitment.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
With this in mind, here are two consumer goods companies that fit the bill.
Many people continue to shop at Costco Wholesale's (NASDAQ: COST) giant warehouses. If you've ever gone into one, you can usually see a crowd.

#NVIDIA #fund #flashing #years

For nearly two decades, The Smoking Musket has been a home for Mountaineer fans to celebrate the wins, agonize over the losses, debate the coaching hires, and share in all the chaos that comes with being a WVU fan. Now, just in time for an undefeated, "Return the Glory," "They Know What's Coming and Still Can't Stop It" football season, I'm excited and honored to take on the role of site manager and help shape where The Smoking Musket goes from here.
Taking over a site and community with this much history and love from Mountaineer fans is not something that I take lightly. I fully realize that I have D'or Fischer-sized shoes to fill and if I'm being honest, I would have never wanted to take on this role without the countless hours of entertainment that the previous stewards of this community gave me. The bottom line is that The Smoking Musket made being a WVU fan more fun for me, and I hope to carry on this tradition.
But I'm not doing it alone.
I'm also incredibly excited to introduce 2 new staff writers who will be joining us in this new era. Here is little bit of each of our backstories so you can get to know us:
Al Rawls- Staff Writer- I didn't grow up bleeding old gold and blue. I found this program the way a lot of people find the things that end up mattering most, by accident, mid channel surf, unable to look away. What kept me is what keeps most of us: that team has never played it safe a day in its life. Read option before it had a name, a coach who'd rather win ugly than lose pretty, quarterbacks who run like the play design is a suggestion. I'm based in Atlanta, which is where I get to write about the program from now.

#know #staff

Mark Walter has agreed to sell his majority ownership stake in the Los Angeles Lakers just a little more than one year after buying it, a fascinating development with several side stories likely to continue unfolding over the coming months.
The deal will also — maybe — end the Buss family's 47-year run as stewards of the franchise. At least that's what five of the six Buss siblings are hoping for. They've voted to sell their roughly 18 percent share in the team. Since the lone holdout is Jeanie Buss, the most powerful of the bunch, the five-against-one showdown kind of feels like a coin flip. Stay tuned.
Meanwhile, the feds continue to dig into Walter's sprawling business empire from multiple angles. You can read all about that here, and about some of Walter's countermoves here.
We'll touch on the saga a little bit in this week's quiz, with a whole lot more along the way. So enjoy, and make sure you try out our Connections: Sports Edition game, too!
Mark Walter agrees to sell Lakers one year after buying the franchise

#walter #little

Chelsea have provoked frustration among supporters by opting to rebrand their under-19 and under-21 teams. Going forward, the club will designate them as Cobham Next Gen (CNG).
The Blues boast one of the most renowned and successful youth systems in English soccer, having nurtured countless gifted players over the years. It appears that, under BlueCo's stewardship, the organization now seeks to create a distinct identity for their academy, which operates out of Cobham, Surrey.
The club maintains, via The Mirror, that Cobham Next Gen "accurately reflects the age profile" of the academy squad members and reinforces its standing.
Mykhailo Mudryk speaks out after Chelsea star's doping suspension is lifted
Pierre-Emerick Aubameyang embraces new La Liga challenge with Deportivo La Coruña

#english

Aug. 12 (UPI) -- Bob Iger and Josh Kushner agreed to buy the Los Angeles Lakers, the American businessmen announced Wednesday.
Sources familiar with the transaction told UPI the agreement is worth $12.5 billion, which would set a record for the highest-priced sale of a North American sports franchise.
Lakers majority owner Mark Walter purchased a controlling interest in the storied NBA franchise from the Buss family in October. That purchase helped the Lakers set a record franchise valuation of $10 billion.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Kushner and Iger said in a joint statement.
"We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles."

#iger #highest

Billionaire Mark Walter is reportedly selling the Los Angeles Lakers to former Disney CEO Bob Iger and venture capitalist Josh Kushner for a record-breaking $12.5 billion.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world. We have immense respect for the leadership and vision of Jerry and Jeanie Buss," Kushner and Iger told ESPN in a statement Wednesday. "Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles."
The pair had been involved in the NBA's expansion process in Las Vegas before unexpectedly shifting their focus to the Lakers and making an aggressive offer to buy the team, sources told ESPN. The shocking sale comes just one year after Walter, the CEO and chairman of diversified holding company TWG Global, acquired a controlling stake in the Lakers from the Buss family for an estimated $10 billion valuation, setting a record at the time.
"Owning the Los Angeles Lakers has been one of the great honors of my life – an extraordinary investment, but what I will carry with me is the community, the fans, and a city that treats this team as family," Walter, who purchased the franchise just last year, said in a statement to ESPN. "I am grateful to Jeanie Buss, the Buss family, the players, and the staff for welcoming me into this chapter. The Lakers belong to Los Angeles, and I have every confidence the best is still ahead."
Walter, 66, has investments across several professional sports teams. Through TWG Global, he has interests in the Los Angeles Dodgers, Los Angeles Sparks, Premier League soccer club Chelsea and the Professional Women's Hockey League. He also owns several auto racing teams through TWG Motorsports, including Cadillac's Formula 1 team.

#fans

In a stunning turn of events, billionaire Mark Walter is selling the Lakers to former Disney CEO Bob Iger and venture capital executive Josh Kushner in a deal reportedly worth $12.5 billion, less than 14 months after Walter reached an agreement to acquire the iconic NBA franchise.
The latest sale adds about $2.5 billion to the Lakers' valuation since Walter and his partners acquired them from the Buss family and sets a valuation record for a control sale of a U.S. pro sports franchise, topping Walter's own mark from last year.
Walter, however, has since come under federal investigation for alleged tax fraud involving insurance companies he controls. There are separate probes underway by U.S. prosecutors and the U.S. Securities & Exchange Commission.
It is unclear to what degree that situation is connected to the Lakers sale, if at all, but the reselling of the franchise still represents one of the most surprising events in recent sports history.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Iger and Kushner said in a joint statement. "We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles."

#buss #angeles

The Los Angeles Lakers could soon change hands again in a deal that underscores the soaring value of California's most iconic sports brands.
A group led by businessman Joshua Kushner and former Disney CEO Robert Iger has agreed to purchase the Lakers from owner Mark Walter in a transaction valued at $12 billion, according to statements released by the parties involved. If approved, the sale would set a new record for a North American sports franchise, eclipsing the $10 billion valuation attached to Walter's purchase of the team last year.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Kushner and Iger said in a joint statement.
The buyers behind the record-setting Lakers deal come from two very different corners of the business world.
Joshua Kushner is a billionaire entrepreneur and venture capitalist best known as the founder of Thrive Capital, a New York-based investment firm that has backed some of the technology industry's biggest companies. Through Thrive and other investments, Kushner has built a reputation as one of the nation's most influential tech investors. He is also part of the Kushner family, a prominent name in real estate and business. Kushner is also the brother of Jared Kushner, who served as a senior adviser in President Donald Trump's first administration and is married to Trump's daughter. His father, real estate developer Charles Kushner, has served as U.S. ambassador to France since 2025.

#Lakers #sports #joshua #purchase

The Lakers are being sold to American businessmen Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN.
The businessmen were involved in the expansion process in Las Vegas, but in a stunning turn, they pivoted to make an aggressive offer to buy the Lakers from Mark Walter, who had purchased a controlling interest in the team from the Buss family last year for a franchise valuation of approximately $10 billion.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world. We have immense respect for the leadership and vision of Jerry and Jeanie Buss," Kushner and Iger said in a statement. "Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles."
Walter, Walter, the CEO and chairman of diversified holding company TWG Global, has been the Lakers' majority owner since last October when his bid was unanimously approved by the NBA Board of Governors.
"Owning the Los Angeles Lakers has been one of the great honors of my life -- an extraordinary investment, but what I will carry with me is the community, the fans, and a city that treats this team as family. I am grateful to Jeanie Buss, the Buss family, the players, and the staff for welcoming me into this chapter. The Lakers belong to Los Angeles, and I have every confidence the best is still ahead," Walter said in a statement.

#buss #fans

In the second sale of the Lakers in less than a year, Bob Iger and Joshua Kushner are set to take control.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world. We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles," stated Josh Kushner and Bob Iger to ESPN.
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#Lakers #jerry

The Wilfs have owned the Vikings for 21 years. They don't plan to end their tenure any time soon.
Earlier this year, local speculation emerged that the Wilfs could sell based on a massive drop in spending from 2025 to 2026. The team quickly got the word out that it's not, and won't be, for sale.
"The business side of it is not what got us into the Minnesota Vikings," co-owner Mark Wilf told reporters on Thursday. "We love football. We're honored and privileged to be stewards of an incredible franchise, and our ultimate goal is to bring championships to the fans of the Minnesota Vikings, who really deserve it. And that's what we're about, and that's the excitement, and we're long term, we're a family that is going to hopefully be part of the Minnesota Vikings for a very, very long time."
Wilf also said that the Vikings "aren't focused on" the possibility of selling a piece of the team to any of the approved private-equity funds.
The Wilfs have successfully built a new stadium, one that has hosted a Super Bowl. By all indications, the Vikings continue to make plenty of money, each and every year.

#Vikings #we 're #year #earlier

While others spend their summers firefighting, Sunderland are quietly and calmly building. Stable ownership, a united dressing room and a coaching staff fully invested in the project have turned the club into one players want to join and more importantly, want to remain.
In years gone by, the reality was very much the opposite; Sunderland were always the club that paid over the odds for bang average players that didn't want to live in the North East but wanted to chase the bright lights of London, or live in the mansions of Cheshire.
Gone are the days of Lee Congerton, Roberto de Fanti and Jim Rodwell struggling through transfer windows under the stewardship of Ellis Short, Stewart Donald and — pardon my French — Charlie Methven, as well as paying over the odds for players like Modibo Diakite, Jozy Altidore, Jack Rodwell and Will Grigg.
Since Kyril Louis-Dreyfus took over, bringing in Kristjaan Speakman alongside a new transfer model, focussing on bringing in young players, realising their potential and selling at a profit, the whole culture of the club has done a full 180, with a squad full of players that want to be at the club, and fewer and fewer instances of our top players searching for moves elsewhere.
Whilst we had a concerning week or so given Chelsea's pursuit of Granit Xhaka in June, the club showed tremendous resolve in keeping hold of the captain and of convincing him that Sunderland is the right place to be.

#club #sunderland #rodwell #odds

Former F1 designer and Jordan technical director Gary Anderson has urged Lewis Hamilton to own up to his recent mistakes instead of pointing the finger at others.
Over the past few race weekends, the seven-time world champion has picked up several penalties from the stewards, including two in Hungary that partly compromised his final result.
The first came in qualifying, when he was handed a three-place grid penalty for impeding Oscar Piastri. Having originally qualified second, it cost him the chance to challenge Lando Norris off the line at the start. The second came during the race, when a five-second penalty for speeding in the pit lane dropped him behind his teammate in the final classification.
In his latest column for The Telegraph, Anderson questioned Hamilton's recent performances, admitting he found it surprising that a driver of his experience had been making so many mistakes. He suggested the errors could either be the result of an unfortunate run of form or point to a more significant underlying issue.
"I have to say that I am surprised that, with all his experience, Hamilton is making these mistakes. It is difficult to say why exactly he is making them. Sometimes it is just a run of bad luck and the driver wonders why they are happening. Other times there is something deeper going on."

#second #anderson

After 14 years with FIFA World Cup-winning player and coach Didier Deschamps at the helm, the French national team is now officially under the stewardship of ex-captain Zinedine Zidane.
An appointment which had been largely expected for months, this marks the 54-year-old's first head coaching role since leaving Real Madrid in 2021, where he won La Liga twice and the UEFA Champions League three times across two stints in charge,
Speaking to reporters on Tuesday, Zidane, who won the World Cup alongside Deschamps in 1998 and reached the Final in 2006, during which he was sent off for headbutting Marco Materazzi, admitted that taking charge of Les Bleus was a lifelong dream come true.
Donald Trump sparks outrage with Harry Kane World Cup comments
Argentina World Cup Final red card rescinded, face potential FIFA disciplinary action

#real

For the first time since IndyCar introduced its charter system in 2025, one of the 25 available charters has been sold. Rahal Letterman Lanigan Racing is selling one of its three charters to Dreyer & Reinbold Racing, which will return as a full-time IndyCar team for the first time since 2012.
After Dreyer & Reinbold Racing owner Dennis Reinbold died in June, the team has continued operations and worked to become a full-time team, which Reinbold was working toward before his death. Dreyer & Reinbold Racing CEO Derek Reinbold worked with RLL's ownership group of by Bobby Rahal, Mike Lanigan and David Letterman to complete the deal.
"I want to thank Bobby Rahal, Mike Lanigan, David Letterman, and (RLL president) Jay Frye for the way they approached this from our very first conversation," Reinbold said in a news release. "They treated this as a partnership between two organizations that want to see each other succeed, and this announcement today reflects that.
"The NTT IndyCar Series is in the strongest position it has been in for decades, and that is a direct result of Roger Penske's stewardship and leadership. The growth of this series, on the track and off, made this the right moment for our team to return to full-time racing. My dad built Dreyer & Reinbold Racing and poured his life into it, and our family has been part of the Speedway for four generations. Competing for a full season again is the truest way we can honor his legacy, and we intend to make him proud."
Dreyer & Reinbold has competed in the Indianapolis 500 every year despite not being a full-time team, and it will now be the 11th team in the paddock in 2027. RLL has not announced which drivers will return next year, as the team's current lineup consists of Graham Rahal, Louis Foster and Mick Schumacher.

#full #lanigan

For the first time since IndyCar introduced its charter system in 2025, one of the 25 available charters has been sold. Rahal Letterman Lanigan Racing is selling one of its three charters to Dreyer & Reinbold Racing, which will return as a full-time IndyCar team for the first time since 2012.
After Dreyer & Reinbold Racing owner Dennis Reinbold died in June, the team has continued operations and worked to become a full-time team, which Reinbold was working toward before his death. Dreyer & Reinbold Racing CEO Derek Reinbold worked with RLL's ownership group of Bobby Rahal, Mike Lanigan and David Letterman to complete the deal.
"I want to thank Bobby Rahal, Mike Lanigan, David Letterman, and (RLL president) Jay Frye for the way they approached this from our very first conversation," Reinbold said in a news release. "They treated this as a partnership between two organizations that want to see each other succeed, and this announcement today reflects that.
"The NTT IndyCar Series is in the strongest position it has been in for decades, and that is a direct result of Roger Penske's stewardship and leadership. The growth of this series, on the track and off, made this the right moment for our team to return to full-time racing. My dad built Dreyer & Reinbold Racing and poured his life into it, and our family has been part of the Speedway for four generations. Competing for a full season again is the truest way we can honor his legacy, and we intend to make him proud."
Dreyer & Reinbold has competed in the Indianapolis 500 every year despite not being a full-time team, and it will now be the 11th team in the paddock in 2027. RLL has not announced which drivers will return next year, as the team's current lineup consists of Graham Rahal, Louis Foster and Mick Schumacher.

#full

PHILADELPHIA — Baseball’s uncertain future briefly hung over the otherwise grandiose MLB All-Star festivities on Tuesday morning as the league’s commissioner and the head of its players union detailed the divide over a potential salary cap.
A significant gap remains between the MLB owners, who are fighting to impose a cap once the current collective bargaining agreement expires in December, and the MLB Players **** ociation, which staunchly rejects one.
MLB recently began airing “Level the Field” ads to promote public support for a cap, which interim MLBPA head Bruce Meyer took issue with.
“I have watched, over the last few years, the owners, the commissioner’s office, try to convince fans, the consumers of their product, that the product is broken,” Meyer said in downtown Philadelphia, not far from Citizens Bank Park, the site of Tuesday night’s All-Star Game.
“The supposed stewards of the game have spent an inordinate amount of time trying to convince those same fans that they don’t have hope, or they shouldn’t have hope, or that the product that they’re paying to consume in record numbers is somehow broken. I think it’s perverse.”

The UK Secretary of State for Business and Trade, Peter Kyle, has put forward Dame Jayne-Anne Gadhia as the government's preferred candidate to chair the Financial Reporting Council (FRC) for a four-year term.
The FRC oversees auditors, accountants and actuaries, and is responsible for setting the UK's Corporate Governance and Stewardship Codes.
Its responsibility is to promote transparency and integrity in business, with a focus on investors and other stakeholders who rely on company reporting, auditing and robust risk management.
Gadhia is a long-standing financial services executive and entrepreneur.
She founded and chaired fintech company Snoop and served as CEO of Virgin Money from 2007 to 2018.

The British Boxing Board of Control (BBBofC) is considering introducing a new division to bridge the largest gap between weight classes in the sport.
The BBBofC's proposed new division, men's light cruiserweight, would carry an 185-pound weight limit, meaning it would sit between the 175-pound light heavyweight division and the 200-pound cruiserweight division.
The proposal is still in the early stages of consideration. The BBBofC's General Secretary, Robert W. Smith, sent an email to license holders recently asking for their thoughts.
"One of the reasons is the present 25 lbs between 12 st 7 lbs [light heavyweight] and 14 st 4 lbs [cruiserweight] which is the largest of all divisions. The fact that "modern-day" athletes are larger, stronger, etc., the Stewards feel this would be a significant change in relation to health and safety."
The BBBofC is one of the premier governing bodies in the sport of boxing. Its directives, particularly those pertaining to health and safety, have historically been influential beyond the UK.

The acquisition of the Seahawks by a group led by 49ers minority investor Vinod Khosla set the NFL record for a change-of-control sale at $9.612 billion, ending a five-month process the league described as "robust" in a memo shared with clubs on Saturday.
Terms of the transaction were not disclosed, but a source familiar with the matter confirmed to Front Office Sports the sale price is $9.612 billion, soaring past the previous record of $6.05 billion, set in 2023 when the Commanders were sold to a group led by Josh Harris. The deal did not quite beat the record for the highest-priced pro team change-of-control sale in history. That still belongs to the Lakers, which last year were sold to a group led by Mark Walter at a $10 billion valuation. The Seahawks deal marks the second-largest change-of-control transaction in pro sports history.
To complete the deal, Khosla will be required to sell his minority interest in the 49ers, which was acquired just last May.
Vinod Khosla, founder of venture-capital firm Khosla Ventures, has a net worth of nearly $14 billion, according to Forbes. His wife, Neeru Khosla, will "serve as controlling owner," according to a memo shared with other NFL teams on Saturday that was obtained by FOS. Also involved will be Vinod and Neeru's son, Neal Khosla, the memo says—he is expected to "have a significant leadership role in the ownership group."
"We are honored to be entrusted as the next stewards of the Seattle Seahawks," Vinod Khosla said in a statement announcing the deal. "We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere."

Guenther Steiner has urged the FIA to introduce permanent, full-time stewards and increase the use of artificial intelligence to prevent a repeat of the anticlimactic end to the British Grand Prix.
The race at Silverstone, which saw Ferrari's Charles Leclerc claim his first victory of the season ahead of Mercedes' George Russell and his own team-mate Lewis Hamilton, ended behind the safety car.
The safety car was deployed on lap 48 of 52 when Red Bull's Max Verstappen spun out and became beached in the gravel at Stowe corner. While it initially seemed as though racing would resume before the end of the race, with the notice that the safety car would come in being shown on the broadcasts, the race finished under safety car conditions.
The FIA later confirmed that the message had been shown in error and explained that there were not enough laps left to complete the unlapping process, which is why the safety car stayed out.
During an appearance on The Red Flags Podcast, Steiner did not hold back in his **** sment of the situation.

Here's a rally truth that never makes the highlight reel: the classification that flashes up at the finish is provisional, and sometimes the stewards do more damage than the rocks. That's exactly how the eighth round of the 2026 World Rally Championship ended in Greece, where two one-minute penalties handed down after the cars were parked reshuffled positions four through seven — and quietly nudged the ******* le fight.
The official final classification tells the story the recaps mostly buried: M-Sport Ford's Josh McErlean dropped from fourth to sixth, and Hyundai's Adrien Fourmaux fell from sixth to seventh. Not for anything they did with the throttle. For seatbelts.
Both crews were pinged for identical breaches — a co-driver whose belt wasn't properly fastened while the car was already moving. What makes it worth your time is how each crew ended up in that position, because it exposes a corner of the rulebook casual fans never think about.
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An ownership group led by India-born billionaire Vinod Khosla has purchased the reigning Super Bowl champion Seattle Seahawks, the NFL team announced on Saturday.
The Estate of Paul G. Allen revealed it entered into a formal sale agreement with a group led by the Khosla family, notably 71-year-old Sun Microsystems co-founder Vinod Khosla, a partner in the San Francisco 49ers' ownership group.
The Khosla family will become the team's controlling owner, according to a Seahawks statement.
"We are honored to be entrusted as the next stewards of the Seattle Seahawks," Vinod Khosla said in a statement. "We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere."
NFL owners must approve the transaction for the deal to be complete.

The Estate of Paul G. Allen has announced that it has entered into a formal sale agreement for the Seattle Seahawks.
The agreement was made with an “ownership group led by the Kholsa family for the Seattle Seahawks NFL franchise,” according to the Allen estate.
The Khosla family will become the team’s controlling owner.
This also includes Vinod Khosla, who is also a San Francisco 49ers limited partner.
“We are honored to be entrusted as the next stewards of the Seattle Seahawks. We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere,” said Vinod Khosla, on behalf of the Khosla family.

The Khosia family ownership group, including Vinod Khosia, has entered into a formal agreement to purchase the defending Super Bowl champion Seattle Seahawks, according to the estate of Paul Allen.
The Khosia family will become the team’s controlling owner, according to a social media post by the Seahawks on Saturday.
Terms of the agreement were not released and the purchase remains subject to the approval by the NFL.
“We are honored to be entrusted as the next stewards of the Seattle Seahawks,” Vino Khosia said in a statement. “We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere.”
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The UK's Financial Reporting Council (FRC) has confirmed that 191 organisations have met the requirements to become signatories to the UK Stewardship Code 2026, including six newly accepted **** et managers.
With the latest approvals, the code now comprises 290 signatories in total.
This figure includes organisations that retained their status following their last successful application under the UK Stewardship Code 2020.
The current signatory base is made up of 197 **** et managers, 74 **** et owners and 19 service providers.
The UK Stewardship Code aims to enforce high transparency, accountability and governance standards among institutional investors.

Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted Permian Resources Corporation (NYSE:PR). Headquartered in Midland, Texas, Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company. On July 7, 2026, Permian Resources Corporation (NYSE:PR) closed at $19.09 per share. One-month return of Permian Resources Corporation (NYSE:PR) was -3.24%, and its shares gained 34.91% over the past 52 weeks. Permian Resources Corporation (NYSE:PR) has a market capitalization of $15.98 billion.
Artisan Mid Cap Value Fund stated the following regarding Permian Resources Corporation (NYSE:PR) in its Q1 2026 investor letter:
"Our energy holdings were well represented among our top contributors, benefiting from higher energy prices. Permian Resources Corporation (NYSE:PR), an independent oil and gas company, and NOV, the largest manufacturer of oilfield equipment, led the way. We added PR to the portfolio in Q1 2025. PR is focused solely on the Delaware Basin of West Texas and southwestern New Mexico—the most prolific oil-producing region in the US. The founders and co-CEOs, who also have large ownership interests in the business, have sought to build a business that can produce substantial free cash flow, return capital to shareholders and generate attractive equity returns across varied commodity price environments. To achieve these goals, PR has pursued best-in-class operations and responsible capital stewardship by thoughtfully acquiring ****** ets it believes are undervalued and divesting acreage it believes would be better in someone else's hands, while meaningfully returning capital to shareholders in the form of dividends. We always seek to align ourselves with shareholder-oriented management teams, but we believe this is even more critical when investing in mid-sized energy companies given their depe