The record $9.6 billion purchase of the Seattle Seahawks led by Vinod and Neeru Khosla provides the Khoslas with huge tax breaks via the current code.

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.