Investing.com — The Seattle Seahawks are officially for sale, with the process expected to yield the largest deal in National Football League history.
The Estate of Paul G. Allen announced Wednesday it has begun a formal sale process for the franchise, just weeks after the team won Super Bowl LX. The estate has hired investment bank Allen & Co. and law firm Latham & Watkins to manage the transaction.
The sale aligns with directives from Paul Allen, Microsoft Corp. co-founder who died in 2018, to eventually sell his sports holdings and direct all proceeds to philanthropy. His sister, Jody Allen, serves as executor of the estate, which was valued at approximately $20 billion at the time of his death.
Some anticipate that the Seahawks sale could exceed the $6 billion paid for the Washington Commanders in 2023, potentially establishing a new record for an NFL franchise transaction.
The sale process is expected to continue throughout the 2026 off-season, with any final purchase agreement requiring ratification by NFL owners.
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