What happened: The Seattle Seahawks announced a $9.6 billion sale to a group led by Vinod Khosla and his son Neal Khosla. The deal was first reported as an agreement last week, and Seattle's Khosla-led group agrees to buy Seahawks for $9.6 billion arrangement now stands as an official club announcement. NFL owners are set to vote on ratifying the sale at a special meeting.

Why it matters: The $9.6 billion price is a record for an NFL franchise, topping the Commanders' 2023 sale by more than 50%. Khosla is a limited partner of the San Francisco 49ers, adding a cross-ownership wrinkle the league will weigh alongside the sale.

What to watch: NFL owners hold a special meeting Aug. 26 to vote on ratifying the sale.