The Seahawks’ new ownership group includes three private equity firms, the family behind beer brand Modelo, a former U.S. Secretary of Commerce, and billionaire venture capitalist Mark Stevens.
The $9.612 billion sale of the Seahawks by the Paul G. Allen estate to Vinod Khosla has been completed, the team announced Thursday. Front Office Sports reported earlier this week the deal was expected to close imminently, after NFL owners last week unanimously voted to ratify the agreement. Sources told FOS there were discussions involving members of the runner-up group, which was led by Aditya Mittal and Wyc Grousbeck, about joining the Khosla group. But those two names were not featured in Thursday’s announcement, and it’s not clear if any of the listed minority owners were originally in the runner-up group.
As part of Thursday’s announcement, the franchise disclosed the identities of the minority investors who are joining Khosla. Including the Khosla family, there are 14 members of the group. Their identities reflect a new class of private equity, venture capital, and AI-focused investors joining the world of sports.
Three Private Equity Firms
The Seahawks are now the seventh team to feature private equity in their cap table, with three firms as part of the deal: Carlyle, Dynasty, and Sixth Street—the latter of which also owns a 3% stake in the Patriots, meaning that if next season sees a rematch of Super Bowl LX, Sixth Street would have a financial interest on both sides.
