The Seattle Seahawks are officially on the market. The team announced today that the estate of the late Paul Allen is set to sell the franchise, fulfilling his wish to donate the proceeds to charity.
In a statement, the team shared, “The Estate of Paul G. Allen today announced it has commenced a formal sale process for the Seattle Seahawks NFL franchise, consistent with Allen’s directive to eventually sell his sports holdings and direct all Estate proceeds to philanthropy.”
They've enlisted investment bank Allen & Company and law firm Latham & Watkins to handle the sale, which is expected to wrap up by the end of the 2026 off-season. The final purchase agreement will need the green light from NFL owners.
Paul Allen, who took ownership of the Seahawks in 1997, left the franchise in the hands of his sister, Jody Allen, after his passing in 2018. Now, the team is poised for a new chapter, with the next owner likely to invest around $10 billion.