Khosla Pushes Seattle Seahawks Bid, Eyes 49ers Exit

Vinod Khosla, billionaire cofounder of Sun Microsystems and a recent investor in the San Francisco 49ers, has submitted a letter of intent to bid for the Seattle Seahawks. A successful bid would require him to shed his 49ers stake. The Seahawks, valued around $6.59 billion, are being sold by Paul Allen’s estate, with other contenders like Aditya Mittal and Wyc Grousbeck reportedly forming bids. NFL ownership rules limit debt and minority ownership, and a deal would trigger Khosla’s exit from the 49ers if he wins.