Seattle Seahawks’ Top Bidders Include 49ers, Lakers Minority Owners
Summary
The Seattle Seahawks football team is up for sale after the death of owner Paul Allen. Several well-known business figures, including minority owners of other sports teams, are among the top bidders. The team is expected to sell for between $9 billion and $10 billion.Key Facts
- The Seahawks were put up for sale on February 18, soon after winning the Super Bowl LX.
- Paul Allen’s estate is selling the team to convert assets into charity donations.
- Top bidders include Vinod Khosla (49ers minority owner), Todd Boehly (Lakers and Dodgers minority owner), and Boston Celtics minority owners Wyc Grousbeck and Aditya Mittal.
- Jeff Bezos publicly declined interest in buying the Seahawks.
- Speculation about interest from Mark Zuckerberg and Tim Cook has decreased.
- The expected sale price is $9 to $10 billion.
- Forbes values the Seahawks at $6.7 billion, ranking 14th in the NFL.
- The team made about $624 million in revenue last season with $143 million in operating income.
- The sale needs approval from 75% of other NFL team owners.
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