The Indian-born billionaire behind record NFL sale
Dubai: Indian-born billionaire Vinod Khosla is set to become the controlling owner of the Seattle Seahawks after NFL owners unanimously approved a record $9.612 billion sale of the franchise on Wednesday. The deal makes the 71-year-old technology entrepreneur and venture capitalist one of the most prominent Indian-born figures in American professional sport, while setting a new record for the…
Indian-born billionaire Vinod Khosla is poised to become the controlling owner of the Seattle Seahawks in a record-breaking $9.612 billion sale. This makes Khosla one of the most prominent figures of Indian descent in American professional sports and sets a new benchmark for the most expensive NFL franchise ever sold. The deal, initially announced in July, required approval from at least 24 out of the NFL's 32 owners and will see Khosla and his family take over the team from the estate of Microsoft co-founder Paul Allen.
Khosla, who earned his fortune as a technology entrepreneur and venture capitalist, will need to divest his existing stake in the San Francisco 49ers as part of the transaction.
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