The Seattle Seahawks are going up for sale soon, and the team’s current owners couldn’t have timed things better.
ESPN’s Seth Wickersham and Brady Henderson reported on Friday that the Seahawks will be posted for sale after the Super Bowl. The team had been owned by the late Paul Allen until his death in 2018. The team has since been owned by Allen’s trust, of which his sister, Jody Allen, is the executor.
Allen had directed his sister to sell the team at some point following his death, and donate the proceeds to charity. Jody Allen’s timeline for waiting to sell the team apparently allowed an amount of time to pass that will result in the trust avoiding having to pay a 10 percent share of the proceeds to the state of Washington.
Allen selling the team following a Super Bowl run will add value to the franchise via their success, and the extra exposure gained for their brand.
The Washington Commanders franchise sold in 2023 for just over $6 billion. The Seahawks are expected to garner more money than that, with some figuring the sale could generate $7-$8 billion.
The Seahawks have been in the NFL since 1976. This will be their fourth Super Bowl appearance. They have won one Super Bowl, and have only had one losing season since 2012.
