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Report hints at potential bidders for Seattle Seahawks
Two investor groups are preparing bids as the Seahawks could sell for $7 billion to $10 billion, Sportico reported.
- On Thursday, two potential ownership groups emerged for the Seattle Seahawks, with billionaire investor Vinod Khosla and a partnership between Aditya Mittal and Wyc Grousbeck each submitting letters of intent to purchase the franchise.
- The Seahawks have been publicly on the market since February, following a directive in the will of former Microsoft co-founder Paul Allen, who died in 2018, to sell the team and donate proceeds to charity.
- Khosla, a minority shareholder of the San Francisco 49ers, is reportedly worth more than $14.4 billion, while Mittal and Grousbeck, both Alternate Governors for the Boston Celtics, leverage their sports ownership experience from their recent $6.1 billion Celtics acquisition.
- If the Mittal and Grousbeck bid succeeds, Grousbeck would reside in Seattle part-time to manage operations while Mittal remains based in London; Khosla would need to divest his 3.1% stake in the 49ers to gain NFL approval.
- Analysts project the franchise could fetch between $7-10 billion, potentially setting a record for the most paid for an NFL team, surpassing the $6.05 billion sale of the Washington Commanders in 2023.
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Celtics’ Aditya Mittal and Wyc Grousbeck join forces in bid to purchase the NFL’s Seahawks - The Boston Globe
League sources said if the group secures the winning bid in Seattle, the roles Mittal and Grousbeck hold with the Celtics would remain unchanged, and both remain committed to the franchise.
·Boston, United States
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Coverage Details
Total News Sources15
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
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