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Seahawks Set for Multi-Billion Dollar Sale
31 Jan
Summary
- Seattle Seahawks are officially being put up for sale this offseason.
- The team's sale is expected to break the NFL record, possibly reaching $8 billion.
- Paul Allen's estate directive to sell the team will be fulfilled after his passing.
The Seattle Seahawks are officially preparing for a sale, marking the end of a long-standing chapter for the franchise. Following the passing of owner Paul Allen in 2018, his estate, managed by his sister Jody Allen, will now initiate the sale process this offseason. This move fulfills Paul Allen's directive to sell the team and donate proceeds to charity.
The sale is poised to set a new NFL record, with projections ranging from $7 to $8 billion, surpassing the $6.05 billion paid for the Washington Commanders. Sportico valued the Seahawks at $6.59 billion prior to their recent Super Bowl appearance, suggesting a high market value. This represents a unique opportunity as it's the first time an NFL team with a recent Super Bowl appearance is being sold.
Jody Allen is credited with stewarding the franchise well during her stewardship, making key decisions like approving the trade of Russell Wilson and the hiring of coach Mike Macdonald. The team is in a strong position with a young roster and elite management, making it an attractive acquisition. The process of finding a new owner is expected to be thorough, as it will shape the franchise's future for decades.
