Posted on 07/12/2026 6:14:14 AM PDT by dennisw
The Seattle Seahawks sent the Paul G. Allen Estate out on top.
The Seahawks pummeled the New England Patriots to win Super Bowl LX, and from the NFL mountaintop, the Allen Estate formally announced that it had “commenced a formal sale process,” per ESPN’s Brady Henderson in February. Paul Allen died from non-Hodgkin lymphoma in 2018, and his estate took over ownership of the Seahawks following his death.
In May, ESPN’s Seth Wickersham cited sources who believed the Seahawks would “sell for slightly above $9 billion.” Those sources were spot on.
On Saturday, July 11, Allen’s estate revealed with whom it will entrust the Seahawks moving forward.
“The Estate of Paul G. Allen today announced it has entered into a formal sale agreement with an ownership group led by the Khosla family, including Vinod Khosla, for the Seattle Seahawks NFL franchise,” the statement reads. “The Khosla family will become the team’s controlling owner.”
(Excerpt) Read more at msn.com ...
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Used to be a staunch Cowboys fan. Jerry Jones was a disappointment, and when he knelt with the team during the National Anthem, they lost me. I quit watching football. Watch the Superbowl sometimes if the wife has it on, and I am passing through the room. Dont miss the prima donnas, and the BS at all.
“...the cities pay for the stadiums, the owners get all the profit...”
That’s the reason Paul Allen bought the Seahawks from Ken Bearing. Bearing was hated because he was from California and Washington didn’t want to even make legit improvements to the outdated and unsafe King Dome. So he moved the team as he said he would. And when they stopped him with local court decisions, he put it up for sale. But Allen refused to buy it unless a new stadium was build. So they tried to get it into state wide taxes and the people to the south and east said absolutely no. But that didn’t stop the state.
Lumen Field (formerly Seahawks Stadium), the home of the Seattle Seahawks, was funded through a public-private partnership capped at $430 million. Voters approved Referendum 48 in June 1997, providing $300 million in public funding through state lottery revenues, stadium taxes (parking and ticket sales), and extension of existing county taxes. But the voting in Washington is based upon King Country and a piece of anyone else. King is ultra liberal.
So having another person buying it for the same reason is par or the course.
wy69
Guess this means the Seahawks will be wearing turbans under their helmets???
You have to wonder how much money the State of WA will make off the 7% Capital Gains tax? As this isn’t real estate or a retirement account. Probably depends on how the sale is structured.
For federal capital gains, usually there is a step up in value at the time of death.
LOL!!!
My bid was low. I could only qualify for 1 billion../s
I have a TV set & certain programs I watch, but the sports stuff, NFL, etc. is never part of it. I find it completely boring
Seattle Saar-hawks.
Are you the Free Republic Posting Police? Can I see your badge?
He's been there a long time. He co-founded Sun Microsystems in 1982.
Vinod Khosla was also the first venture capitalist to back OpenAI, making a highly contrarian bet long before the company became famous.
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