Paul

Allen

The impending sale was first reported by Sportico then confirmed by ESPN before the team itself announced the move. Sportico and Schefter have reported an eye-watering sale price of $9.6 billion, shattering the Commanders’ previous NFL record and making the transaction one of the most expensive in the history of global sports. As NFL franchise values spiral ever upward, this probably won’t remain the record for long. Sitting pretty as Super Bowl champions with a 21st century largely spent winning, the Seahawks are a crown jewel asset, but things can always go haywire when those change hands. Khosla has a lot to live up to in the late Allen, who passed away in 2018. That, of course, is once the deal is formally approved by the NFL. That will reportedly take place in late August. A “tech billionaire” in the words of Sportico, Khosla is one of the co-founders of Sun Microsystems

Allen’s sister, Jody Allen, is the executor of the trust and has a “directive from her late brother to eventually sell both [the Seahawks and Trail Blazers] and donate the proceeds to charity.” Per the report, “Sportico values the Seahawks at $6.59 billion” and “one team executive told ESPN that the Seahawks could fetch $7 billion to $8 billion.”

Allen also owned the Portland Trail Blazers and is the co-founder of Microsoft. He was just 65 years old and revealed two weeks back that he’d been diagnosed with non-Hodgkin’s lymphoma. His outlook had been positive on the diagnosis, so this comes as a surprise. Allen bought the Seahawks in 1996 and wasn’t married and had no children. It’s unknown who will inherit the Seahawks.