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 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.
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