Two NFL committees have unanimously recommended approval of the proposed sale of the Seattle Seahawks, moving the transaction closer to a vote by league owners.
Two NFL committees have unanimously recommended approval of the proposed sale of the Seattle Seahawks to a group led by the Khosla family, moving the transaction closer to a vote by league owners.
The NFL’s finance and ownership policy committees reviewed the transaction Wednesday and recommended that all 32 clubs approve the deal at a special league meeting next Wednesday in Atlanta, according to an NFL spokesperson.
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Three-fourths of NFL clubs must vote in favor for the transaction to be approved.
The committees are made up of team owners, while the league office does not have a vote.
The unanimous recommendation is a strong indication the transaction is moving forward as expected, said Natalie Welch, PHD the director of Seattle University’s MBA in Sport and Entertainment Management program.
“The fact that this news is kind of coming out, I think, is a really kind of a green light indicator that things are going to move forward pretty much like expected,” he said.
The deal also reflects the growing value of professional sports franchises, particularly NFL teams, as broadcasting and streaming companies increasingly compete for sports rights, she said.
Welch also pointed to the Seahawks’ success on and off the field as contributing to the franchise’s value.
Looking ahead, she said Seattle’s hosting of the World Cup reinforced the value of Lumen Field’s location and reduced concerns about the Seahawks potentially leaving the city.
“I definitely don’t see the Seahawks moving out of Seattle anytime soon,” she said.
Next week's NFL meeting in Atlanta is the special meeting where owners will vote on the sale, and KOMO News will have live coverage from Atlanta with Chris Daniels.
