The heirs of Paul Allen announced Wednesday in a statement that they are putting the NFL’s Seattle Seahawks, who won the Super Bowl just ten days ago, up for sale.
Allen, the Microsoft co-founder who also owned the NBA’s Portland Trail Blazers, passed away in 2018 from cancer. His sister Jody has managed the two franchises since then fulfilling the stipulations of his will.
Heirs of Paul Allen initiate formal proceeding
In Wednesday’s statement, his heirs announced “the initiation of a formal sale process” of the Seattle Seahawks.
“In keeping with Allen’s desire to eventually sell his sports holdings and allocate all proceeds from the estate to philanthropy.”
They also reported that they have chosen investment bank Allen & Company and law firm Latham & Watkins to lead the transaction.
They expect it to be extended during the current NFL postseason.
In September 2025, they already initiated the sale of the Blazers for a valuation of $4 billion to an investment group led by businessman Tom Dundon, also owner of the NHL’s Carolina Hurricanes.
Historic era comes to a close after winning Super Bowl LX
Paul Allen passed away in 2018 from cancer
QuéOnnda.com
Allen also owned 25% of the Seattle Sounders of MLS.
The only sporting interest they will have left to sell to their heirs when the Seahawks’ is finalized.
The Seattle Seahawks, now for sale, won Super Bowl LX ten days ago after defeating the New England Patriots 29-13.
It was the second championship in Seahawks history after the one achieved 12 years ago, still with Allen alive.
According to a Forbes report prior to the Super Bowl win, the Seahawks have an estimated market value of $6.7 billion.
With information from EFE
For more information, visit QuéOnnda.com
