Paul Allen’s estate says it has begun the process of selling the Super Bowl champion Seahawks
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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.
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AI-ExtractedThe estate agreed in September to sell the Trail Blazers to an investment group led by Tom Dundon.
Paul Allen bought the Seahawks for $194 million in 1997.
The sale is consistent with Allen’s directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy.
Investment bank Allen & Company and law firm Latham & Watkins will lead the sales process.
Paul Allen’s estate has begun the process of selling the Seattle Seahawks.
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