Fresh off their Super Bowl victory, the Seattle Seahawks are officially for sale

The Seattle Seahawks are officially for sale.

A statement announcing the sale of Seattle's NFL team Wednesday was brief, but noted that the process "is estimated to continue through the 2026 off-season."

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The Estate of Paul G. Allen, which owns the team, "has commenced a formal sale process for the Seattle Seahawks NFL franchise, consistent with Allen's directive to eventually sell his sports holdings and direct all Estate proceeds to philanthropy."

Microsoft co-founder Paul Allen amassed a range of prized possessions before he passed away in 2018, leaving it all in a trust managed by his sister Jody Allen. The trust has been winding down operations and selling off holdings ever since, such as Seattle's Cinerama movie theater that was recently taken over by SIFF. The Living Computer Museum closed in 2020, and its trove of technological history was auctioned off. The trust also owns the Portland Trail Blazers basketball team, which is currently in the process of being sold.

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Rumors that Seahawks ownership was preparing to sell the team, after the Super Bowl, began swirling around Seattle in January. At the time, Seahawks management insisted that there was no news to share.

The announcement Wednesday makes it official that the process to sell the team has begun. According to the statement, "The Estate has selected investment bank Allen & Company and law firm Latham & Watkins to lead the sale process, which is estimated to continue through the 2026 off-season. NFL owners must then ratify a final purchase agreement."

The announcement comes amid surging fervor for Seattle's football team. The Seahawks recently won the Super Bowl, prompting an estimated 1 million fans to swarm the city for a parade and trophy celebration at Lumen Field.

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