The Super Bowl champions are officially for sale.
On Wednesday, the estate of Microsoft billionaire Paul Allen announced it was selling the Seahawks, just 10 days after the team defeated the Patriots for the second championship in franchise history.
“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,” the team said in a statement.
“The Estate has selected investment bank Allen & Company and law firm Latham & Watkins to lead the sale process, which is estimated to continue through the 2026 off-season. NFL owners must then ratify a final purchase agreement.”
Allen died from cancer in 2018 from cancer, leaving his sister Jody functionally in charge of the Seahawks and the NBA’s Portland Trail Blazers. Allen bought the Seahawks for $194 million in 1997 and his will dictate that both franchises be sold with the money going to charity.
The sale leaves a 25% stake of MLS’s Sounders as the last part of Allen’s sports portfolio that still has to be sold.
The announcement follows a similar pattern to the Celtics, which went up for sale weeks after winning the NBA Finals in 2024. The team sold to Bill Chisholm for $6.1 billion in March 2025, then a record for a North American sports team.
Jody Allen put the Trail Blazers for sale in May 2025. In March, Carolina Hurricanes owner Tom Dundon will become owner of the Trail Blazers after the first part of a multi-staged transaction closes. The Blazers sale values the team at $4 billion.
The Seahawks are valued at $6.7 billion, according to Forbes, 14th among NFL teams. The Commanders are the most recent NFL team to sell, with private equity billionaire and Sixers owner Josh Harris leading a group that paid $6 billion for the franchise in July 2023.
