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No indication Jody Allen will sell the Seahawks anytime soon, despite rumors

May
25
5/25/2022 1:37:44 PM
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Since the day Paul Allen died in October 2018, rumors have circulated about what will happen to his many high-priced and high-profile assets, which include the Seattle Seahawks.

The month after his death, NFL.com reported that “while no sale is imminent, the expectation is that the team ultimately will be sold” and that Allen had filed a succession plan with the league that included the directive that the Paul G. Allen Foundation would be the beneficiary of any proceeds from a sale.

Three-and-a-half years later, the team remains in the hands of Allen’s sister, Jody Allen, who was elevated to the official title of team chair following the death of Paul Allen, who bought the team in 1997.

But speculation about the future of the team is understandable and inevitable, and continued Tuesday with a report from John Canzano, a Portland-based writer and talk show host, that the Seahawks could be for sale at some point in the next few years.

Jody Allen also remains the owner of the Portland Trail Blazers — which Paul Allen bought in 1988 — and Canzano wrote Tuesday that “insiders expect the Blazers to be positioned for auction in the next 6-18 months. The Seahawks could follow shortly after, but sources say Jody Allen may be wrangling to keep a piece of the NFL franchise.”

Canzano noted further that Allen’s trust, established in 1993, directed that his assets be sold upon his death and used to “fund his passion projects,” according to a source. “None of this is up in the air,” the source told Canzano. “The instructions are clear: The sports franchises and everything in the trust must be sold.”

But if the Seahawks might eventually be sold, nothing appears imminent.

A source close to the situation told Bob Condotta of the Seattle Times on Tuesday that the Seahawks are not currently for sale and that there is no indication they will be anytime soon.

But some observers have noted that Jody Allen, 63, has been overseeing the selling off of some other assets in recent months.

A story in the Los Angeles Times in January began “Paul Allen’s properties are selling like hotcakes” and noted that within the previous month the estate had sold both his “prized land in Beverly Crest” for $65 million and a “lavish compound a few miles away” for $45 million.

That Jody Allen has maintained an exceedingly low profile since taking over the Seahawks helps fuel speculation. She has given no interviews and only a few statements.

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