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Fresh off their second-ever Super Bowl victory, the Seattle Seahawks are going up for sale.
On Wednesday, the Estate of Paul G. Allen, the former owner of the Seahawks, announced that it has commenced the formal sale process for the organization.
"The Estate of Paul G. Allen today announced it has commenced a formal sale process for the Seattle Seahawks NFL franchise, consistent with Allen's directive to eventually sell his sports holdings and direct all Estate proceeds to philanthropy," the statement said.
"The Estate has selected investment bank Allen & Company and law firm Latham & Watkins to lead the sale process, which is estimated to continue through the 2026 off-season. NFL owners must then ratify a final purchase agreement."
Allen originally purchased the Seahawks in 1997 for $194 million and controlled the franchise until his death in 2018 due to complications from non-Hodgkin's lymphoma. The franchise has since been run by his estate, headed by his younger sister Jody Allen.
The Seahawks were ranked by Forbes in 2025 as the league's 14th most valuable franchise at $6.7 billion, and the sale of the organization is expected to net the Allen estate over $10 billion.
This article originally appeared on Touchdown Wire: Seahawks announce commencement of formal sale process in stunning move
Continue reading...
On Wednesday, the Estate of Paul G. Allen, the former owner of the Seahawks, announced that it has commenced the formal sale process for the organization.
"The Estate of Paul G. Allen today announced it has commenced a formal sale process for the Seattle Seahawks NFL franchise, consistent with Allen's directive to eventually sell his sports holdings and direct all Estate proceeds to philanthropy," the statement said.
"The Estate has selected investment bank Allen & Company and law firm Latham & Watkins to lead the sale process, which is estimated to continue through the 2026 off-season. NFL owners must then ratify a final purchase agreement."
Allen originally purchased the Seahawks in 1997 for $194 million and controlled the franchise until his death in 2018 due to complications from non-Hodgkin's lymphoma. The franchise has since been run by his estate, headed by his younger sister Jody Allen.
The Seahawks were ranked by Forbes in 2025 as the league's 14th most valuable franchise at $6.7 billion, and the sale of the organization is expected to net the Allen estate over $10 billion.
This article originally appeared on Touchdown Wire: Seahawks announce commencement of formal sale process in stunning move
Continue reading...
