Paul Allen Estate Begins Process to Sell Seattle Seahawks, Franchise Value Expected to Exceed $7 Billion
The estate of late Microsoft co-founder Paul Allen has officially begun the process of selling the Seattle Seahawks, potentially setting up one of the most significant ownership changes in NFL history. The decision marks the end of an era for the franchise that Allen purchased in 1997 and transformed into a championship contender.
Jody Allen, Paul Allen's sister and current chair of Vulcan Inc., confirmed the estate's decision to explore a sale of the team. The move has been anticipated since Allen's passing in 2018, as his estate had previously indicated intentions to eventually divest from the sports properties. The Seahawks represent one of the crown jewels of Allen's extensive portfolio, which also included the Portland Trail Blazers.
"This was always part of Paul's long-term vision for the organization," Jody Allen said in a statement. "He wanted to ensure the franchise would be positioned for continued success under new ownership that shares his commitment to the Seattle community and winning culture he helped establish."
The Seahawks are expected to command a record-breaking price, with industry experts projecting the franchise value could exceed $7 billion. Recent NFL team sales have shattered previous records, with the Denver Broncos selling for $4.65 billion in 2022. The Seahawks' strong market position, passionate fanbase, and competitive success make them one of the most desirable franchises in professional sports.
Under Allen's ownership, the Seahawks experienced their most successful period in franchise history. The team won its first Super Bowl championship following the 2013 season, defeating the Denver Broncos 43-8 in a dominant performance that showcased the "Legion of Boom" defense. The organization also reached Super Bowl XLIX, narrowly losing to the New England Patriots in one of the most memorable championship games ever played.
The sale process is being handled by Allen & Company and is expected to attract significant interest from ultra-wealthy individuals and investment groups. NFL ownership rules require a controlling owner to hold at least 30% of the franchise, which could limit the pool of potential buyers given the astronomical purchase price.
Seattle's 12th Man fanbase has expressed concern about potential changes under new ownership, but the NFL's revenue-sharing model and salary cap structure typically ensure continuity in competitive operations. The franchise's strong foundation, including a state-of-the-art stadium and loyal fanbase, positions it attractively for prospective owners looking to make an immediate impact in the NFL landscape.
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