Seattle Seahawks begin sale process after Super Bowl win

The Seattle Seahawks are officially up for sale.

The NFL team that defeated the New England Patriots in Super Bowl 60 earlier this month. announced On Wednesday, it announced it was starting a process through which it could sell the franchise. The process, led by investment bank Allen & Company and law firm Latham & Watkins, is expected to continue until the end of the 2026 season.

The Seahawks franchise is owned by Paul Allen’s estate. Microsoft Co-founder who managed the Seahawks from 1997 until his death in 2018. His sister, Jody Allen, became the executor of his estate after his death and took over leadership of the franchise, overseeing the sale of its assets and donations to charity.

“The Paul G. Allen Estate announced today that it has initiated a formal sale process for the Seattle Seahawks NFL franchise, consistent with Allen’s directive to eventually sell his sports assets and direct all Estate proceeds to philanthropy,” the franchise wrote on social media.

Before the Seahawks’ Super Bowl win, the Seattle team was worth nearly $7 billion, according to CNBC’s official NFL valuations. The sale in this range has the potential to be one of the largest sales in NFL history, following the sale of the Washington Commanders in 2023 for nearly $6 billion.

According to the Seahawks, the sale will be finalized after NFL owners approve a purchase agreement.