Silicon Valley VC giant Vinod Khosla and family to buy Seattle Seahawks for $9.6 billion and must relinquish stake in the San Francisco 49ers

The Seattle Seahawks are being sold to the Khosla family, including Vinod Khosla, in accordance with the wishes of late team owner Paul Allen, the team announced on Saturday.

The Khosla family entered into a formal agreement to purchase the defending Super Bowl champions for $9.612 billion, according to a person familiar with the deal. The person spoke to the The Associated Press on condition of anonymity because the deal is still subject to approval by the NFL.

The Khosla family will become the team’s controlling owner, according to a social media post by the Seahawks.

“We are honored to be entrusted as the next stewards of the Seattle Seahawks,” Vinod Khosla said in a statement. “We look forward to building on the winning legacy Paul Allen........

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