Most valuable asset changes hands
The Seattle Seahawks have a new owner as a group led by tech investor Vinod Khosla will buy the team for a jaw-dropping $9.6 billion. This figure stands tall even in today’s soaring market, obliterating the previous record of $6.05 billion set earlier this year when the Washington Commanders were sold.
According to reporting by CBS Sports - NFL,
How it shakes out
Khosla's move
Vinod Khosla, a co-founder of Sun Microsystems and now running Khosla Ventures, has expressed his desire to focus more on philanthropy. He plans to divest from the 49ers before taking over in Seattle. His group includes wife Neeru, who will be the primary decision maker.
Legacy of Paul Allen
Paul Allen, co-founder of Microsoft, bought the Seahawks in 1997 and saved them from moving to Southern California. Since his passing in 2018, Jody Allen, his sister, has been the controlling owner. In his will, Paul stipulated that most of the sale’s proceeds would benefit multiple charities:
- Allen Family Philanthropies’ arts and culture, youth, and environmental programs.
NFL coaches ranked
The greatest ever?
Besides the seismic ownership change of the Seahawks, CBS Sports - NFL has ranked 20 great coaches of all time. Among them are Vince Lombardi, Bill Belichick, and Andy Reid.
- Bill Belichick is deemed the top coach with an unmatched 16 Super Bowl appearances.
- 5th spot goes to Don Shula, known as the “dynasty” builder for Miami Dolphins, who coached three Super Bowls in a span of three seasons.
Frequently Asked Questions
When will the new ownership take over?
The transaction is expected to be completed by the end of 2023, according to reporting by CBS Sports - NFL.
What charities will benefit from the sale?
Much of the proceeds are set aside for charity, including Allen Family Philanthropies’ arts and culture, youth, and environmental programs.