A group led by Vinod Khosla won the bidding for control of the Seahawks over a group led by Aditya Mittal and Wyc Grousbeck. The second-place selection has received a chance to partner with the victors.<\/p>\n
Front Office Sports reports that members of the Mittal-Grousbeck group have been invited to buy a piece of the team.<\/p>\n
It\u2019s not known whether they accepted, and none of the minority partners have been named. At a sale price of $9.612 billion, Khosla was required to come up with $2.88 billion in cash, representing 30 percent of the team. The remaining 70 percent ($6.73 billion) could come from up to 24 limited partners.<\/p>\n
The proposed deal has received unanimous approval by the other owners. Which means that the various percentages to be held by the minority owners were approved, too.<\/p>\n
The difference comes from control. Khosla will run the show. For everyone else, it\u2019s part-investment, part-vanity project. The limited partners become members of an exclusive club.<\/p>\n
But the real prize is membership in the more exclusive club \u2014 controlling ownership of an NFL franchise. In that regard, Khosla beat out Mittal and Grousbeck.<\/p>\n","protected":false},"excerpt":{"rendered":"A group led by Vinod Khosla won the bidding for control of the Seahawks over a group led…\n","protected":false},"author":2,"featured_media":832470,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[349,99],"class_list":["post-832469","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nfl","tag-nfl","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/832469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=832469"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/832469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/832470"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=832469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=832469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=832469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}