SEATTLE — The Seattle Seahawks are officially up for sale.
The team announced Wednesday that the estate of Paul G. Allen has begun a formal process to sell the NFL franchise, following Allen’s directive that his sports holdings eventually be sold and the proceeds directed to philanthropy.
In a statement, the estate said it has hired investment bank Allen & Company and law firm Latham & Watkins to oversee the sale. The process is expected to continue through the 2026 offseason. Any final agreement must be approved by NFL owners.
The announcement confirms reports last month that the team would be put on the market after the season. At the time, the estate said the Seahawks were not for sale but reiterated that Allen’s will requires the eventual sale of his assets.
Allen bought the team in 1997 and owned it until his death in October 2018. After his death, his sister, Jody Allen, became executor of the estate and chair of the Seahawks, with instructions to sell his holdings and direct most of the proceeds to charity.