The Seattle Seahawks are officially moving toward a sale of the franchise, according to a report from Ian Rapoport of NFL Network. Sources indicate that the NFL could schedule a special league meeting in late August to formally approve a new owner if the process continues to move forward as expected.
The news signals a major shift for the Seahawks organization, which has been under the management of the Paul G. Allen Trust since the passing of longtime owner Paul Allen in 2018. Jody Allen has served as the team's chair since that time, overseeing the organization during the interim period. A sale of the team has been a frequent topic of league discussion due to the specific stipulations of the trust and the long-term future of the franchise in Seattle.
The potential late-August meeting would allow for the new ownership group to be officially in place prior to the start of the NFL regular season. For a sale to be finalized, the incoming owner must receive approval from at least 24 of the 32 NFL team owners. While specific bidders have not been confirmed in this report, the sale of the Seahawks is expected to command a significant price tag consistent with recent NFL franchise valuations.
This is a developing story. Check back for updates.
Sources & Original Reporting