A couple of weeks after winning the Super Bowl, the Seattle Seahawks are up for sale, in what is expected to be the biggest sale of a sports franchise in history.
The Seahawks have retained investment bank Allen & Co. to manage the sale, according to an announcement Wednesday.
The late Paul Allen purchased the team for $194 million in 1997 to prevent a move to Southern California. A sale at this new valuation is expected to surpass the $6.05 billion record set by the Washington Commanders in 2023.
This will be the first sale of a controlling stake since the NFL allowed private equity firms to buy stakes in teams in 2024, increasing the number of potential bidders.
