Khosla family closes purchase of reigning Super Bowl champion Seahawks for $9.6 billion

The Khosla family finalized their acquisition of the Seattle Seahawks for $9.612 billion on Thursday, completing the process eight days after NFL owners approved the sale. In a statement, the family expressed their honor and excitement about embarking on this new chapter. They praised the Seahawks for their championship culture, winning football, and strong ties to the Pacific Northwest.

Vinod Khosla, the founder of Khosla Ventures, will serve as chair, while Neeru Khosla will be the controlling owner and president of the Seahawks Charitable Foundation, and Neal Khosla will be vice chair. The family also announced twelve co-owners, including Mark Stevens, the Aramburuzabala family, Val Blavatnik, Sheryl Sokoloff, and others.

The sale took place according to the wishes of late team owner Paul Allen, whose estate initiated the sale process in February. Vinod Khosla, a Silicon Valley venture capital firm founder, has a net worth of $13.7 billion, according to Forbes. The investment firm specializes in experimental technologies such as biomedicine and robotics, and was the first venture firm to invest in OpenAI.

As part of the deal, the Khosla family had to give up their ownership stake in the San Francisco 49ers.