Seattle Seahawks Set to Make Record $7 Billion Decision After Super Bowl LX
Summary
The Seattle Seahawks' ownership, the Estate of Paul G. Allen, has started the process of selling the NFL team. This move comes after the team recently won the Super Bowl and could set a financial record, with the sale potentially exceeding $7 billion.Key Facts
- The Seattle Seahawks recently won their first Super Bowl in over ten years.
- The Estate of Paul G. Allen announced it is formally starting the process to sell the Seahawks.
- Investment bank Allen & Company and law firm Latham & Watkins are managing the sale.
- Paul G. Allen, a co-founder of Microsoft, bought the team in 1997 for about $194 million.
- Under Allen, the team became consistent playoff contenders and won a Super Bowl in 2013.
- The estate has run the team since Allen's death in 2018, following his directive to eventually sell it.
- The sale is expected to finish by the 2026 offseason, subject to NFL approval.
- The transaction could exceed $7 billion, setting a new record for an NFL team sale.
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