The Seattle Seahawks have been sold to a family-led ownership group headed by Indian-American billionaire Vinod Khosla and his wife, Neeru Khosla, in a deal valued at $9.6 billion, the highest sale price for an NFL franchise. The transaction surpasses the Washington Commanders' $6.05 billion sale in 2023. NFL owners are expected to vote on approving the sale on August 26, with Neeru Khosla set to serve as the controlling owner.

In a statement on behalf of the family, Vinod Khosla said they were honoured to become the next stewards of the Seahawks and looked forward to building on the legacy created by late owner Paul Allen while earning the trust of the organisation and its fans.

Who are Vinod and Neeru Khosla?

Vinod Khosla, 71, was born in India and built his career in Silicon Valley. He co-founded Sun Microsystems before launching Khosla Ventures, a venture capital firm that has backed companies including Square, DoorDash, Impossible Foods and OpenAI. Earlier this year, Forbes ranked him 10th on its list of America's Greatest Innovators. His net worth is estimated at about $13.7 billion.

Neeru Khosla will become the franchise's controlling owner, giving her primary decision-making authority under NFL ownership rules. The couple have been together since their teenage years, married at the age of 25 and have four children.

The Khoslas are already familiar with professional sports ownership. Vinod Khosla acquired a 3.1 per cent minority stake in the San Francisco 49ers in May 2025, but that holding will now have to be sold because NFL rules prohibit ownership interests in more than one franchise.

Record valuation marks biggest sale in NFL history

The $9.6 billion valuation marks a sharp increase from the $194 million Paul Allen paid to acquire the Seahawks in 1997. The deal is nearly 50 times the original purchase price and ranks behind only the $10 billion sale of the Los Angeles Lakers in June 2025 as the highest valuation for an American professional sports franchise.

The Seahawks are being sold by the estate of Paul Allen, who died in 2018. His sister, Jody Allen, has overseen the trust as executor. Under the terms of the trust, proceeds from the sales of both the Seahawks and the Portland Trail Blazers will be donated to charity. The Trail Blazers were sold in March 2025 for a reported $4 billion, bringing the combined value of the two transactions to $13.6 billion for philanthropic causes linked to Allen's legacy.

Vinod Khosla's journey from IIT Delhi to Silicon Valley

Vinod Khosla earned a bachelor's degree in electrical engineering from the Indian Institute of Technology (IIT) Delhi before moving to the United States after an unsuccessful attempt to build a soy milk business in India. He later completed a master's degree in biomedical engineering at Carnegie Mellon University and an MBA at Stanford Graduate School of Business.

After graduating from Stanford, Khosla co-founded Daisy Systems, an early computer-aided design company for electrical engineers. In 1982, he co-founded Sun Microsystems and served as its founding chief executive, helping pioneer open systems and commercial RISC processors.

He joined Kleiner Perkins Caufield & Byers as a general partner in 1986, where he backed several influential technology companies, including Nexgen, Juniper Networks, Excite and Cerent. In 2004, he founded Khosla Ventures, which has invested in companies including Square, DoorDash, Impossible Foods and OpenAI. Khosla Ventures was also the first venture capital firm to invest in OpenAI through a $50 million funding round.

In 2026, Vinod Khosla was ranked No. 10 on the Forbes 250 list of America's Greatest Innovators, released to mark the 250th anniversary of the United States. He continues to write and speak publicly on artificial intelligence, energy and the long-term restructuring of the economy. According to his profile, his greatest passion remains working closely with founders across the Khosla Ventures portfolio as they build transformative companies for the future.