Paul Allen’s estate says it has begun the process of selling the Super Bowl champion Seahawks
AI Summary
The estate of the late Paul Allen has initiated the sale of the Seattle Seahawks, fulfilling Allen's directive to eventually sell his sports holdings and dedicate the proceeds to philanthropic endeavors. Allen & Company and Latham & Watkins will manage the sale process, expected to extend through the offseason, with NFL owners needing to approve the final agreement. Paul Allen, the Microsoft co-founder, purchased the Seahawks in 1997; after his death in 2018, his sister Jody Allen oversaw the team. This decision follows the September agreement to sell Allen's other sports franchise, the Portland Trail Blazers. The Seahawks' sale marks a significant transition for the team and the Allen estate's commitment to philanthropy.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories