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Seattle Seahawks Enter Formal Sale After Super Bowl

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Seattle Seahawks Enter Formal Sale After Super Bowl

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SEATTLE — The estate of late owner Paul G. Allen announced Wednesday that it has officially commenced a formal sale process for the Seattle Seahawks. Investment bank Allen & Company and law firm Latham & Watkins will lead the sale, which the estate estimates will continue through the 2026 offseason and requires ratification by NFL owners. The estate said the move complies with Allen’s directive that his sports holdings be sold and proceeds directed to philanthropy. Allen purchased the team in 1997 for $194 million; current valuations place the franchise near $6.59 billion. Based on 6 articles reviewed and supporting research.

Prepared by Emily Rhodes and reviewed by editorial team.

Timeline of Events

1997 — Paul G. Allen purchases the Seattle Seahawks for $194 million.
2018 — Paul G. Allen dies; Jody Allen assumes control of the estate and teams.
September — The estate agrees to sell the Portland Trail Blazers to an investment group.
Early 2026 — The Seahawks win Super Bowl LX, increasing franchise visibility.
Announcement day (Wednesday) — The estate commences a formal sale process led by Allen & Company and Latham & Watkins.

Why This Matters to You

The Seahawks' sale could impact the team's future. Changes in ownership often lead to shifts in management and strategy. If you're a fan, keep an eye on the sale process. It could influence the team's performance and community involvement.

The Bottom Line

Paul G. Allen's estate is selling the Seahawks, following his wish to direct proceeds to philanthropy. The sale process will likely continue through 2026. The franchise, bought for $194 million in 1997, is now valued near $6.59 billion. Worth forwarding if you know a Seahawks fan.