The Seattle Seahawks are officially on the market. After their Super Bowl victory over the New England Patriots earlier this month, the team announced that it has started a formal selling process. Investment bank Allen & Co. and law firm Latham & Watkins will oversee this process, expected to unfold during the 2026 offseason.
This franchise was owned by the late Paul Allen, co-founder of Microsoft. Allen held the team from 1997 until his passing in 2018. After he died, his sister, Jody Allen, took over as executor of his estate and has been managing the team since then. The estate has made it clear that the sale aligns with Paul’s vision of using the proceeds for charitable initiatives.
The Seahawks were valued at around $7 billion prior to their recent win, according to CNBC. If sold at that price, this transaction could rival the sale of the Washington Commanders, which went for roughly $6 billion in 2023—marking one of the highest sales in NFL history.
Interestingly, recent statistics show that NFL franchises have generally appreciated in value over the last decade. In 2012, the average NFL team was valued at about $1.1 billion; today, that number hovers around $3 billion. This trend reflects the robust growth of the league and its increasing appeal globally.
With this sale, fan reactions are generating buzz on social media. Many supporters are excited about potential new ownership, hoping for fresh energy and direction for the team. Discussions range from speculations about possible buyers to concerns about maintaining the team’s legacy.
As we watch this story unfold, one thing is clear: the Seahawks are at the center of a significant moment in sports history. For the latest on this and other updates from the NFL, you can explore resources like NFL.com or refer to reputable news outlets for in-depth coverage.
Source link
Breaking News: Business,Business,Microsoft Corp,Seattle,Sports,business news
