Talk of possible Trail Blazers sale renews speculation about future of Seahawks’ ownership

Seattle Seahawks v. Los Angeles Chargers
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The late Paul Allen owned the Seattle Seahawks and the NBA’s Portland Trail Blazers. Neither are for sale, officially.

That isn’t stopping Nike founder Phil Knight from trying to buy one of them.

As explained by Bob Condotta of the Seattle Times, recent reports from multiple outlets indicate that Knight has submitted a written offer to buy the basketball team for more than $2 billion. The Blazers issued a statement acknowledging the offer but adding this: “The team remains not for sale.”

The activity regarding the Trail Blazers has sparked a fresh wave of speculation regarding the future of Allen’s NFL franchise. The Seahawks reportedly are not for sale, either.

Talk of a potential Seahawks and/or Trail Blazers sale apparently traces to a report from Portland writer and radio host John Canzano, who said the Paul Allen trust provides that his assets must be liquidated with the proceeds going to Allen’s “passion projects.”

Allen’s sister, Jody, inherited both teams along with the rest of her brother’s massive estate. The teams essentially are run by Vulcan, a company that Paul and Jody Allen created in 1986 to basically oversee Paul Allen’s Microsoft-generated billions, and to advance specific philanthropic goals.

If a Seahawks sale is coming, it’s probably a good idea to let things percolate for a few more years. Franchise values currently are spiking. Once the Broncos sell, likely for at least $5 billion, the price for the Seahawks could go even higher — especially as more and more TV and gambling money rolls through the door for all NFL teams.

Before too long, $5 billion will become $7 billion. At some point, $7 billion will become $10 billion.

10 responses to “Talk of possible Trail Blazers sale renews speculation about future of Seahawks’ ownership

  1. The NFL is going to have a problem with all of these teams going up for sale. Denver, Seattle then possible forced sale of Miami and Washington. Supply exceeds demand and prices will fall.

  2. Gonna be gigantic either way, but Seattle is a bigger market than Denver and they will easily beat the Broncos price. Washington will be even bigger based on a much bigger market size– but depends on where they move to I guess.

  3. With the way the NFL profit sharing goes, it would not surprise me that the ROI on the investment is less the ten years.

  4. Teams don’t cash flow nearly enough to justify their prices. Age old bubble of buy something because you assume prices will just go up and up (and they have). Eventually reality sets in, especially if prices (they are close now) get to the point where there are only a few people rich enough to even afford the teams. As with “taxing the rich”, aren’t enough rich people to support those types of prices (or hundreds of millions of people)

  5. tapper0510 says:

    June 4, 2022 at 2:00 pm

    The NFL is going to have a problem with all of these teams going up for sale. Denver, Seattle then possible forced sale of Miami and Washington. Supply exceeds demand and prices will fall.
    —————————-

    What a naive perspective. There are only 32 teams. You really think prices will fall? For a guaranteed money maker and a growing number of newly rich billionaires?

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