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Tribune News Service
Tribune News Service
Sport
Bob Condotta

Report: In wake of Paul Allen's death, Seahawks will eventually be sold, possibly for record amount

Some clarity as to the future ownership of the Seahawks was revealed via an NFL.com report Sunday morning that said the team is expected to be eventually sold by Paul Allen's estate, with proceeds going to his foundation, and the team staying in Seattle.

Allen's sister, Jody, has taken a more visible role in the team since Allen's death on Oct. 15, with Allen's good friend, Bert Kolde, the vice chairman of the team, also still retaining that role.

The report states that no sale is imminent but that a succession plan was filed with the NFL, as required. The plan detailed the likely course of events and noted that NFL Commissioner Roger Goodell has said the team will remain in Seattle.

The Paul G. Allen Foundation, the report states, consolidated all of Allen's causes and would be the beneficiary of the transaction.

The report states that potential buyers are already researching and preparing to make a bid on the team, which the report states "could set a record" for the most expensive North American pro sports franchise.

Allen bought the team for $194 million in 1997. Forbes magazine recently valued the Seahawks at $2.58 billion.

The most recent NFL franchise to be sold was the Carolina Panthers, for $2.2 billion.

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