All articles tagged with #jody allen
The Seattle Seahawks, owned by Paul Allen's estate and overseen by executor Jody Allen, have launched a formal sale process led by Allen & Co. and Latham & Watkins. Coming off a 2026 Super Bowl victory, the sale could be one of the biggest in NFL history, with prior valuation around $7 billion and the Commanders' $6 billion sale in 2023 cited as context; a deal would be finalized after NFL owners ratify the purchase agreement.
An Oregonian columnist warns that Trail Blazers owner-in-waiting Tom Dundon could relocate the team from Portland amid arena funding battles and political headwinds, despite initial vows to keep it in town, with Damian Lillard lobbying and a legislative bill seen as pivotal.
Rumors that the Seattle Seahawks would be sold after Super Bowl 60 were denied by the Paul G. Allen Estate, which said the team is not for sale; the estate noted plans to divest assets in the future but emphasized the current focus on winning, while the Blazers sale continues and valuations suggest a potential multi‑billion price and a process that could span years under Jody Allen's leadership.
Jody Allen plans to put the Seattle Seahawks up for sale after Super Bowl LX, continuing the Allen family exit from major sports. ESPN cites the move, with expected proceeds in the billions, noting Allen’s control since Paul Allen’s 2018 death and linking the Seattle sale to rising franchise values alongside the Blazers’ $4.25B sale and the Commanders’ $6.05B 2023 sale.
Seattle Seahawks' general manager John Schneider will have control over personnel and oversight of the coaching staff as the team searches for a new head coach following Pete Carroll's departure. Owner Jody Allen has directed Schneider to maintain the team's positive culture. The team has requested interviews with eight candidates, including Raheem Morris and Mike Kafka, and is considering both NFL and college coaches. Schneider became emotional when discussing his partnership with Carroll, who has been moved into an advisory role after the team missed the playoffs in 2023.
The Seattle Seahawks have announced that Pete Carroll's role will evolve from Head Coach to that of an advisor, following amicable discussions with the franchise's chair, Jody Allen. Carroll, the winningest coach in Seahawks history, will continue to contribute his leadership and championship-building expertise to the organization after 14 impactful years as head coach.
Phil Knight and entrepreneur Alan Smolinisky continue to pursue buying the Portland Trail Blazers from Jody Allen, who has resisted all overtures and has not even spoken directly with Knight. Allen has said it could take up to 20 years to resolve her brother’s estate. The Blazers must be sold, but they are not for sale. Knight's motivation stems from a desire to keep the team in Portland, and the longer Allen drags out the process, the more likely someone who does not share that ambition gets involved in the bidding process.
Nike co-founder Phil Knight and Dodgers minority owner Alan Smolinisky have repeatedly offered to buy the NBA's Portland Trail Blazers, but Jody Allen, who controls the team's future as the heir of former owner Paul Allen, has refused to sell. Knight, who is a dominant business figure and philanthropist in Oregon, has been unable to persuade Allen to sell the team.
Amazon founder Jeff Bezos may turn his attention to buying the Seattle Seahawks, as the team is in better shape than the Commanders and could be sold by Jody Allen, sister of the late Paul Allen, who has been selling off his assets. The Seahawks are not currently for sale, but eventually will be, and if sold before May 2024, 10 percent of the proceeds will go to the State of Washington as part of the deal to build the team’s current stadium.