Jim Irsay thinks the Seahawks will be for sale “in the 2024 range”

Owner/CEO Of The Indianapolis Colts Jim Irsay Hosts Reception Celebrating 100th Birthday Of Late Literary Pioneer Jack Kerouac
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The Seahawks currently aren’t for sale. But it’s clear that they eventually will be.

Eventually could be 2024.

Jim Irsay recently provided that estimate to Bloomberg.com, when discussing teams that may be for sale in the coming years.

“There’s going to be a few,” Irsay said. “Seattle — with Paul Allen my friend unfortunately passing away and that team is in a trust — is going to become available I’d imagine in the 2024 range.”

Any sale before May 2024 would require 10 percent of the proceeds to be paid to the state of Washington.

Irsay underscored one of the challenges the NFL will be facing in the coming years, a concern outlined in Playmakers. Franchise values are skyrocketing, and there aren’t enough people with the money to pay the price for controlling interest in a team.

“I know where franchise values are going,” Irsay said. “And one thing we do know is there’s a high interest out there for people that fell short of the Broncos. There’s some really great people that are capable but the problem now is finding people that have the net worth that can actually buy a team. It’s very difficult.”

The Bronco went for $4.65 million, to the Penner-Walton group. As PFT reported at the time, Josh Harris would have paid $5 billion, if he had an assurance that $5 billion would have secured the team. But if Harris had gone to $5 billion, the Penner-Walton bid would have been even higher.

“You’ll never regret the price you paid for the team,” Irsay said. “Anyone that got [the Broncos] for under $8 billion, they got them for a heck of a deal.”

Indeed they did. The money keeps coming in, with legalized gambling pushing revenues higher and higher. Sooner than later, the run-of-the-mill franchise will be worth $8 billion and then $10 billion, and eventually more.

11 responses to “Jim Irsay thinks the Seahawks will be for sale “in the 2024 range”

  1. The Bronco went for $4.65 million, to the Penner-Walton group. As PFT reported at the time, Josh Harris would have paid $5 billion, if he had an assurance that $5 billion would have secured the team.

    ————————

    Missed a comma on the sale price.

  2. Time to nationalize these sports teams. Why should few billionaires get to own almost all sports teams?

  3. There are plenty of people with the net worth to buy a NFL team if they opened the pool outside of America….Saudi Seahawks has a ring to it…

  4. patsfan4lifedynasty says:
    September 27, 2022 at 12:48 pm
    Time to nationalize these sports teams. Why should few billionaires get to own almost all sports teams?

    Because they have the $$$ da!

  5. And to think Jerry Jones was blasted for paying 100+ million when he baught the cowboys and they are now worth like 10 Billion !!

  6. I just hope the next owner stays out of the football side (for the most part) like Paul Allen did. As for any notion a new owner would move the Seahawks, Forbes magazine valued the team at 1.3 Billion dollars in 2014 and stated the team has “one of the most rabid fan bases in the NFL”. San Francisco 49ers are the closest NFL team in terms of distance. You’d have to be a fool to move the team elsewhere. The fans here already love the team and it’s basically a captive market.

  7. Interesting thought; perhaps someday, the cities themselves could own the teams, like Green Bay. Talk about a home town fan base, and, generate revenue for the city. It could be a win / win, IF, the taxpayers could look beyond the initial investment, AND the NFL would even allow such a purchase.

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