Seahawks say team not for sale after report |Seattle Times

ESPN reported Friday evening that the Seahawks will be up for sale after the Super Bowl.The team disputes the accuracy of that timeline.

The Seahawks will eventually be sold by current team chairman Jody Allen, who took over when his brother Paul Allen died in 2018.

This is a well-known and indisputable moment.

At issue is whether the team will sell them immediately after the Super Bowl, as indicated in a report Friday afternoon by ESPN and later by The Wall Street Journal.

An ESPN report titled "Seahawks to be up for sale after Super Bowl LX" cited "league and ownership sources familiar with the deal" as saying the team will be sold after Seattle's game against the New England Patriots next Sunday at Levi's Stadium in Santa Clara, Calif.week.

However, shortly after this report, a statement from the estate of Paul J. Allen denied that the team was being sold.

"We do not comment on rumors and speculations, and the team is not for sale," reads a statement from a company spokesman.

According to this statement, the team will eventually be sold.In the statement, it is stated that the team is not for sale, and the possibility of a sale after the Super Bowl is not eliminated.

An ESPN report quoted a team executive as saying the team could earn $7-8 billion, a figure recently reported by the Seattle Times.

Later Friday afternoon, The Wall Street Journal also published a story stating that "the sale process (is expected) to begin shortly after the end of the season" and that the sale price "could set a new record for an NFL team."

Jody Allen assumed leadership of the team in October 2018 following the death of his brother Paul, the founder of Microsoft. The team was placed under the tutelage of Jody Allen, who was named team president. Seahawks roster owner Paul J. Allen is shown as real estate.

Jody Allen has stated several times since becoming chairman that the team will not be sold.

But she confessed that she would eventually like to sell the group, at the behest of her brother.

"There will come a time when that will change given Paul's plans to devote the vast majority of his wealth to philanthropy," she said in a statement released in July 2022. "But estates of this size and complexity can go out of business in 10 to 20 years. There is no predetermined deadline by which teams must be sold."

It was renewed last spring because of the termination of a clause in the terms of the 1997 referendum that would have required Allen to give up 10 percent to the state of Washington if the team was sold.

That provision expired last May.

After being exposed to the past the pelzers finally buy - Shipping Seattle Kellewks has no news about the Blazeks."

Paul Allen bought the Seahawks for $194 million in 1997, keeping the team in Seattle after owner Ken Bering tried to move the team to Los Angeles after unsuccessfully trying to rebuild or build a new stadium in England.

Allen's purchase was contingent on the construction of a new stadium, which became Lumen Field and opened in 2002.

Jody Allen has not spoken publicly since taking over the team, but made a few appearances, most notably on Sunday when she received George S. Halas' trophy as the NFC champion on behalf of the team after the NFC title game.

"I'm incredibly proud to stand here and accept it on behalf of the 12," Allen said.

He raised the flag before game 12, continuing a tradition started with his brother, who raised the flag before the previous three NFL conference championship home games.

Coach Mike Macdonald spoke earlier Friday about Jody Allen's involvement, noting the two speak every week after every game.

"The most important thing to me about Jody was his passion for our team to be where he wanted it to be, where our franchise was supposed to be, like the vision of the Seattle Seahawks, and that was during the interview process," Macdonald said."Honestly, that's where I'm honest, I'm good, this is something I feel strong about, I think I can help. That, and it's clear what kind of team he wants, and have strong support.

"We're short all the time, and so when she gives feedback, it's very simple, it's through a big lens, which usually, maybe they find it in the dark, you don't see it. She was great. She was great. We see each other every week."

Macdonald said meetings were held via Zoom.

“It's a piercing question that gets to the point and is useful,” he said.“If you look through the lens that we're going in the same direction here, it really is.”

Paul Allen became the team's third owner after Behring, who bought the team in 1988 from the Nordstrom family, starting in 1974 and the first game in 1976.

News of a possible sale comes as Allen's estate continues to sell its vast holdings, which, in addition to the Seahawks and Blazers, range from mansions and yachts to vintage computer equipment and prestigious works by some of the world's most famous artists.

When Paul Allen died, the value of his estate was estimated at more than $20 billion, among the largest in Washington history.

Since then, a steady stream of sales — among them a beachfront mansion on Mercer Island, a 120-acre hilltop estate in California's Santa Monica Mountains, Allen's 414-foot luxury yacht, an octopus, his 18-bedroom villa on the French Riviera, and a record $1.5 billion worth of his massive artwork — has generated a variety of major art fundraisers.

This includes the new Science and Technology Fund, which was launched in August and plans to fund at least $500 million in grants over the next few years for "transformative science and technology" in the areas of life sciences, environment and artificial intelligence.

Among the first recipients are the Benaroya Research Institute, the University of Washington's College of the Environment, the Fred Hutchinson Cancer Center and Seattle Children's.Media reports put the fund's total donations at $3.1 billion.

"Science always has a sense of urgency, and we have a responsibility to advance change that uses science and technology for the greater good," Science Foundation CEO Linda Stewart said in a statement last year.

Times business reporter Paul Roberts contributed to this report.

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