The Seattle Seahawks are being sold to the Khosla family in accordance with the wishes of late team owner Paul Allen, the team announced on Saturday.

The Khosla family ownership group, including Vinod Khosla, has entered into a formal agreement to purchase the defending Super Bowl champion Seattle Seahawks.

The Seattle Seahawks will be sold to billionaire Vinod Khosla. The Sun Microsystems co-founder will buy the team from Paul Allen's estate.