For the first time in nearly 30 years, the Seattle Seahawks announced a new ownership group led by Vinod Khosla, who currently holds a minority stake in the San Francisco 49ers. The franchise will be sold for a record $9.6 billion, the highest price ever paid for an NFL team.

Khosla must divest his 49ers stake before officially becoming the Seahawks' owner, pending approval from the NFL's other 31 owners, who will vote on the deal as early as August 26, according to ESPN.

The new ownership group includes multiple members of the Khosla family, with Neeru Khosla serving as the primary decision maker and their son, Neal Khosla, expected to have a significant leadership role.

Vinod Khosla, with a net worth of $13.7 billion, made his fortune as a tech investor and co-founder of Sun Microsystems. He now runs Khosla Ventures. Neeru is an educator and entrepreneur, while Neal is the CEO of Curai, an AI healthcare company.

In a statement, Vinod expressed, "We are honored to be entrusted as the next stewards of the Seattle Seahawks. We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere."

The Seahawks were owned by the estate of Paul Allen, who bought the team for $194 million in 1997. His estate has stipulated that most of the sale proceeds will go to charity, specifically earmarked for the Paul G. Allen Foundation, ensuring a significant portion of the $9.6 billion purchase price benefits multiple charities.