The Seattle Seahawks are set to be sold after the Super Bowl, according to a recent report, potentially fetching a record-breaking price. This news comes as a surprise to many, as it marks a significant development in the NFL. The team's ownership has been a topic of speculation since the passing of former owner Paul G. Allen in 2018. Allen's estate, led by his sister Jody, has been managing the franchises, including the Seahawks and the Portland Trail Blazers of the NBA, until now.
According to ESPN, the Seahawks could be sold for a staggering $7 billion to $8 billion, making it one of the most expensive team sales in NFL history. The current valuation of the Seahawks is $6.59 billion, ranking 14th in the NFL. The recent sale of the Washington Commanders for $6.05 billion in 2023 sets a precedent for potential buyers.
The estate has been in discussions about a potential sale for at least a week, with a directive from Allen to sell both teams and donate the proceeds to charity. The Trail Blazers have already secured a $4 billion deal with a group of investors led by Tom Dundon, owner of the NHL's Carolina Hurricanes. This development adds to the excitement surrounding the Super Bowl, where the Seahawks will face the New England Patriots in Santa Clara.
Despite the speculation, the Paul G. Allen Estate has remained tight-lipped, stating, 'We don't comment on rumors or speculation, and the team is not for sale.' However, the estate's focus on completing the sale of the Trail Blazers and the potential sale of the Seahawks suggests that a deal is imminent. This could be a significant moment for the NFL, as it may set a new standard for team valuations and ownership transitions.
