HomeNewsBusinessAmerican FootballUSA

Seahawks expected to sell for record fee – with all proceeds going to charity

The death of Paul Allen raised several questions about the future of the Seattle Seahawks but an NFL.com report has provided some clarity.

According to several sources, the NFL team is expected to be ultimately sold by Allen’s estate and the proceeds will all go to charity via the former owner’s foundation.

This is likely to be more than $2.2bn (€1.96bn), which represents the price the Carolina Panthers were bought for this summer. No sale is imminent, however.

The report says: “When the Seahawks do hit the market – and potential owners are already researching and preparing – it is slated to generate considerable interest and likely set a record for most expensive North American sports franchise ever purchased.”

Most recent

Browning has marred thousands of once-valuable autographed baseballs, with the precise cause of the damage still unknown. Dennis Tuttle examines the impact on the baseball collectibles market

Dead since 1995, the revered Hall of Famer still commands a lofty position among baseball memorabilia collectors

Callum McCarthy looks at the various ways in which lesser-known European host cities are benefiting from staging a variety of international esports competitions.

Adam Nelson reports on how the International Cricket Council revamped its broadcast coverage ahead of the 2019 Cricket World Cup, focusing on storytelling to attract new audiences and break digital engagement records