What happened: The NFL sent a memo to all 32 teams confirming Neeru Khosla, wife of Vinod Khosla, will serve as controlling owner of the Seattle Seahawks once the sale closes. The memo detailed the sales process run for the franchise, which the Khosla-led group is buying for a record $9.612 billion.
Why it matters: The price is the largest in NFL history, eclipsing the $194 million Paul Allen paid for the Seahawks in 1997. Vinod Khosla is also a limited partner in the San Francisco 49ers, adding a cross-ownership wrinkle the league will weigh alongside the sale.
By the numbers: Sale price: $9.612 billion, up from Paul Allen's $194 million purchase in 1997 — a roughly 49x increase over 29 years.
What to watch: NFL owners are scheduled to vote on the sale at a special meeting Aug. 26.