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The Seattle Seahawks are officially on the market.
The Paul G. Allen Estate announced Wednesday that it has begun a “formal sale process” for the Super Bowl champion, following the wishes of the deceased owner, who passed away in 2018.
ESPN broke the news last month that the Seahawks would be up for sale after Super Bowl LX. Seattle defeated New England 29-13 on February 8 to capture the franchise’s second Lombardi Trophy, marking the first time since the Super Bowl era began that a team has been listed immediately following a championship game.
The sale is being handled by Allen & Company (investment bank) and Latham & Watkins (law firm). According to a release from the property, they expect this process to last through the 2026 offseason.
NFL owners must approve any deal made.
Paul Allen’s will was clear. The Seahawks and Portland Trail Blazers ended up having to be sold and everything donated to charity. His sister, Jody Allen, has run both franchises as president of the property since his passing.
Roger Goodell addressed the situation during Super Bowl week when reporters asked him about a possible sale of the Seahawks. The NFL commissioner took the shot. wall street journal The report claims the team was fined $5 million due to ownership structure issues that did not comply with league rules. The fine is believed to be pending, although a source confirmed this to ESPN’s Seth Wickersham.
The Blazers are already selling their own. Bert Kolde, vice president of Allen Real Estate, said the company plans to wrap things up this spring during Super Bowl week.
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