Less than two weeks after their victory in Super Bowl 60, the sale process for the Seattle Seahawks has started. <\/p>\n
In a statement released by the Seahawks on Wednesday, the Paul G. Allen estate announced it has “commenced a formal sale process” for the franchise. <\/p>\n
ESPN’s\u00a0Seth Wickersham and Brady Henderson<\/a>\u00a0reported on Jan. 30 that Allen’s estate would put the Seahawks up for sale following the Super Bowl.<\/p>\n The Seahawks\u00a0responded<\/a>\u00a0to that report in a statement: “We don’t comment on rumors or speculation, and the team is not for sale. We’ve already said that will change at some point per Paul’s wishes, but I have no news to share. Our focus right now is winning the Super Bowl and completing the sale of the Portland Trail Blazers in the coming months.”<\/p>\n Paul Allen purchased the Seahawks organization in 1997 and served as the owner for 21 years prior to his death in 2018. The franchise has remained under control of Allen’s estate, with his sister, Jody, serving as chairperson.<\/p>\n Per\u00a0Andrew Beaton<\/a>\u00a0of the\u00a0Wall Street Journal, the Seahawks were fined $5 million by the NFL in 2025 for failure to comply with ownership requirements stemming from Jody holding onto the team for several years after Paul’s death.<\/p>\n Beaton noted the league denied any fine was levied.<\/p>\n In 2022, Jody Allen\u00a0confirmed<\/a>\u00a0neither the Seahawks nor Portland Trail Blazers were for sale at that time but eventually would be in accordance with Paul’s wishes to “dedicate the vast majority of his wealth” to philanthropic efforts.<\/p>\n Allen’s estate\u00a0entered into an agreement<\/a>\u00a0in September to sell the Blazers for a reported $4 billion to an investor group led by Tom Dundon, who currently owns the NHL’s Carolina Hurricanes.<\/p>\n One team executive told Wickersham and Henderson that the Seahawks could sell for between $7-8 billion. Projections that came out after their victory over the New England Patriots in Super Bowl 60\u00a0suggested<\/a>\u00a0the sale price could climb as high as $11 billion.<\/p>\n An $11 billion price tag would make the Seahawks the most expensive pro sports franchise ever sold. The\u00a0current record<\/a>\u00a0is held by the Los Angeles Lakers, who were sold to Mark Walter at a $10 billion valuation.<\/p>\n