A group led by San Francisco 49ers limited partner Vinod Khosla has agreed to purchase the Seattle Seahawks, it was announced Saturday.
Terms of the deal were not disclosed, but multiple league sources with knowledge of the matter said the selling price would be $9.612 billion, a record for an NFL franchise.
As part of the deal, which is subject to owner approval, the Khosla family will be required to relinquish its ownership stake in the 49ers. The family will become the Seahawks' controlling owner.
Owners have been given a date in late August to keep open for a special meeting to approve the deal, the sources said.
"We are honored to be entrusted as the next stewards of the Seattle Seahawks," said Vinod Khosla on behalf of the Khosla family. "We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere."