All articles tagged with #allen and company
The Estate of Paul G. Allen has begun a formal sale process for the Seattle Seahawks, appointing investment bank Allen & Company and law firm Latham & Watkins to lead. The sale is expected to continue through the 2026 offseason and must be ratified by NFL owners in a final purchase agreement, in line with Allen’s directive to eventually sell his sports holdings and direct proceeds to philanthropy.
The Pegula family, owners of the Buffalo Bills, has hired investment bankers to explore the potential sale of a non-controlling, minority interest in the team, with a working figure of 25 percent. While the exact amount is not confirmed, the family intends to maintain a controlling interest in the team. This move reflects the trend of NFL owners seeking limited partners due to increasing team valuations and estate taxes, with the Bills currently estimated to be worth $3.7 billion. The NFL is also considering allowing such investments, potentially adopting guidelines this year.