SEATTLE \u2014 The Seattle Seahawks are going up for sale in accordance with the wishes of late team owner Paul Allen.<\/p>\n
Allen’s estate announced Wednesday that it has begun the process of selling the team, which is just coming off its\u00a0second Super Bowl victory\u00a0in franchise history.<\/p>\n
Investment bank Allen & Company and law firm Latham & Watkins will lead the sales process, which is estimated to continue through the offseason. NFL owners must then ratify a final purchase agreement.<\/p>\n
The estate said the sale is consistent with Allen\u2019s directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy.<\/p>\n
The Seahawks have been in the Allen family since 1997, when Paul bought the Seahawks for $194 million from then-owner Ken Behring.<\/p>\n
Since\u00a0Allen, co-founder of Microsoft, died in 2018\u00a0from complications of non-Hodgkin lymphoma at 65, the Seahawks and the NBA\u2019s Trail Blazers have been owned by his sister, Jody. The estate agreed in September to\u00a0sell the Trail Blazers\u00a0to an investment group led by Carolina Hurricanes owner Tom Dundon.<\/p>\n","protected":false},"excerpt":{"rendered":"SEATTLE \u2014 The Seattle Seahawks are going up for sale in accordance with the wishes of late team…\n","protected":false},"author":2,"featured_media":483689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[436],"tags":[49,48,514,82],"class_list":["post-483688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nfl","tag-ca","tag-canada","tag-nfl","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/483688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=483688"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/483688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/483689"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=483688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=483688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=483688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}