SEATTLE, July 12 (Our Washington Times) — The estate of Paul G. Allen has agreed to sell the Seattle Seahawks to an ownership group led by the Khosla family, the team said. The deal still needs approval from NFL owners, but it marks a major shift for one of Washington’s most visible sports franchises and could set an NFL record for value, according to multiple reports.
Why this sale matters
If the league approves the transaction, the Khosla family would become the team’s controlling owner. That means the family group would hold the power to guide the franchise’s major business and football decisions, subject to NFL rules and governance.
The team announcement did not disclose the transaction terms. But Sports Business Journal, Bleacher Report and Fox News reported that the sale values the Seahawks at $9.6 billion, which would be the highest price ever reported for an NFL team.
The estate also said the sale is tied to Paul Allen’s broader directive that his sports holdings eventually be sold and the proceeds directed to philanthropy. Vinod Khosla wrote that he was “excited to be part of this great franchise” and “excited to see the money all go to a non-profit.”
How the process got here
The estate announced in February 2026 that it had begun a formal sale process for the Seahawks. ESPN later reported that the estate had selected Allen & Company and Latham & Watkins to lead that process. ESPN also reported that Allen’s will directed that the Seahawks and the Portland Trail Blazers be sold eventually, with estate proceeds going to philanthropy.
The latest team statement says the estate has now “entered into a formal sale agreement” with the Khosla-led group. That does not make the sale final yet. The NFL must approve the deal before it can close.
Who is in the Khosla group?
Reports identified the ownership group as being led by Vinod Khosla, with secondary coverage also naming Neeru Khosla and Neal Khosla. One report said Neeru Khosla would serve as the controlling owner, but the Seahawks’ own announcement did not spell out those ownership roles.
What remains unknown
The team has not released the purchase price. The reported $9.6 billion figure comes from secondary reports, not from the Seahawks’ statement.
The timing of NFL approval also is not fixed in the team announcement. Secondary reports said owners are expected to vote later, but the only confirmed detail from the team is that league approval is still required.
For Seattle fans, the key takeaway is simple: the Seahawks have a buyer, the estate says the sale fits Paul Allen’s charitable plans, and the franchise’s future now depends on league approval.