Typically, the exorbitant price paid for a major-league sports franchise goes into private pockets. The proceeds from the $9.612 billion sale of the Seahawks will, like every asset distributed by the Paul G. Allen Estate, go to charity.
“Excited to be part of this great franchise,” Vinod Khosla, the leader of the group that will be buying the team, said on Twitter. “Also excited to see the money all go to a non-profit.”
In that respect, the delayed sale of the team following the passing of Paul Allen has worked to the significant benefit of the charity that will benefit from the transaction. Three years after the Commanders sold for a then-record $6.05 billion, the bar has been raised by more than 50 percent.
Khosla, 71, also posted a link to his Wikipedia page. In 1976, Khosla came to the U.S. from India to pursue a degree in biomedical engineering. He co-founded Sun Microsystems in 1982. Four years later, he joined venture capital firm Kleiner Perkins as a general partner.
A leading venture capitalist, he prefers the term “venture assistant.”
His wife, Neeru, will serve as the controlling owner of the team, if/when the transaction is approved by at least 24 owners.
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