Seattle Seahawks announce sale of franchise to Khosla family

The Seattle Seahawks are being sold to the Khosla family, including tech billionaire Vinod Khosla, for $9.612 billion, in accordance with the wishes of late owner Paul Allen. The sale follows the Seahawks' second Super Bowl championship in franchise history, with Allen's estate having announced the sale process on February 18. The deal is subject to ratification by NFL owners, who are expected to meet in August to approve the agreement, and the Khosla family will be required to divest its ownership stake in the San Francisco 49ers.