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A venture capitalist and his wife lead a group that has agreed to purchase the Seattle Seahawks. The deal requires approval from NFL owners.
A family led by a venture capitalist and his wife has agreed to buy the Seattle Seahawks for $9.6 billion, according to a league memo obtained by ESPN. The purchase is pending approval by NFL owners. The wife is designated to serve as controlling owner. Their son is expected to hold a significant leadership role in the ownership group.
The venture capitalist, 71, was born in India and moved to the United States in 1976. He co-founded Sun Microsystems in 1982 and later established a venture fund focused on technology investments. The fund's holdings include early stakes in DoorDash, Instacart, and Impossible Foods. It also purchased a 5% stake in an artificial intelligence developer for $50 million in 2019.
The transaction must receive approval from other NFL team owners before it can be completed. No timeline for that vote was specified in the memo.
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