Mark Stevens Is Seahawks’ Top Minority Investor

Mark Stevens holds the title of top minority investor in the newly formed ownership group for the Seattle Seahawks. The group's structure was disclosed on Thursday, ranking Stevens alongside the Khosla family, who initially led the NFL-record $9.612 billion purchase of the team. Stevens, a venture capitalist and Nvidia board member, has an estimated net worth of $12.4 billion, according to Forbes.

The list of minority investors is arranged by stake size, with Stevens coming in second, behind the Khosla family and the Aramburuzabalas, who own Modelo beer. Val Blavatnik, the son of billionaire Leonard Blavatnik, is the next biggest minority investor. The major equity firms involved—Carlyle, Dynasty Equity, and Sixth Street—own the smallest stakes, with Sixth Street taking about 3% and Carlyle and Dynasty holding around 3% combined.

The specific stake sizes for other minority owners are not publicly known. Under NFL ownership rules, the controlling owner must hold at least a 30 percent stake, and the total number of owners cannot exceed 25. Some members of the original bidding group led by Aditya Mittal and Wyc Grousbeck are now part of the minority investor group, though the specifics remain unclear.

The sale officially closed on Thursday and was unanimously approved by NFL team owners during a special meeting in Atlanta. The sale of the Seahawks was mandated by the late Microsoft co-founder's estate and the proceeds will go towards charity. The Khosla group marks a new class of ownership with investors from technology, private equity, venture capital, and artificial intelligence backgrounds.