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The Seattle Seahawks are officially on the market.
The Paul G. Allen Estate announced Wednesday it’s started a “formal sale process” for the Super Bowl champions – following through on the late owner’s wishes after his death in 2018.
ESPN broke the news last month that the Seahawks would go up for sale following Super Bowl LX. Seattle knocked off New England 29-13 on Feb. 8 to grab the franchise’s second Lombardi Trophy, and it’s the first time since the Super Bowl era began that a team’s been listed right after playing in the championship game.
Allen & Company (the investment bank) and Latham & Watkins (the law firm) are handling the sale. They’re expecting the process to run through the 2026 offseason, according to the estate’s announcement.
NFL owners will need to sign off on whatever deal gets made.
Paul Allen’s will was clear – both the Seahawks and Portland Trail Blazers had to be sold eventually, with everything going to charity. His sister Jody Allen’s been running both franchises as the estate’s chair since he passed away.
Roger Goodell addressed the situation during Super Bowl week when reporters asked about a possible Seahawks sale. The NFL commissioner shot down a Wall Street Journal report claiming the team was hit with a $5 million fine over ownership structure issues that didn’t comply with league rules. That fine was supposedly being held in abeyance, though a source confirmed it to ESPN’s Seth Wickersham.
The Blazers are already in the middle of their own sale. Bert Kolde, who’s the vice chair of the Allen estate, said during Super Bowl week they’re on track to wrap things up this spring.
