The Seattle Seahawks are officially on the market, as the Paul G. Allen Estate has initiated a formal sale process for the team. This announcement, made on Wednesday, aligns with the directives specified in Paul Allen’s will following his death in 2018. The estate’s decision comes shortly after the Seahawks secured their second Super Bowl title, defeating New England 29-13 on February 8, 2015.
This marks a significant moment in NFL history, being the first instance in the Super Bowl era where a team has been made available for sale soon after participating in the championship game. According to reports, the estate has appointed investment bank Allen & Company and law firm Lathan & Watkins to oversee the sale process, which is anticipated to last through the 2026 offseason. Once a buyer is identified, the NFL owners will need to ratify any final purchase agreement.
Jody Allen, as the chair of the estate, has been overseeing the Seahawks as well as the Portland Trail Blazers since her brother’s passing. Paul Allen’s will explicitly stated that both franchises are to be sold, with all proceeds directed toward philanthropic efforts. This commitment to philanthropy was noted by NFL Commissioner Roger Goodell during Super Bowl week, in response to inquiries about the potential sale of the Seahawks.
Additionally, Goodell addressed speculation surrounding a reported $5 million fine imposed on the organization due to non-compliance with league ownership structure regulations. He denied the report, clarifying that the fine was being held in abeyance, according to a source familiar with the situation.
The process for selling the Portland Trail Blazers is also underway. During Super Bowl week, Bert Kolde, vice chair of the Allen Estate, indicated that the sale of the Blazers is on course to be completed in the spring.
As the sale of the Seahawks unfolds, it will be a pivotal moment for both the team and its fans, marking a new chapter in the franchise’s storied history. The decision reflects a significant shift in ownership after years under the stewardship of Paul Allen, who was a prominent figure in the technology and sports arenas.
