Meet Jody Allen, the billionaire owner of the Seattle Seahawks who plans to sell the team and donate the proceeds to charity | Fortune
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Meet Jody Allen, the billionaire owner of the Seattle Seahawks who plans to sell the team and donate the proceeds to charity | Fortune
"That appearance on the Super Bowl winner's stage, though, is likely to be Allen's last, as the team is reportedly up for sale, according to sources who spoke with ESPN last week. Her status as a billionaire entrusted with spending down a billionaire's fortune, and now a victorious Super Bowl winner eyeing a near-immediate exit from the field, makes her one of the most unusual figures in American sports."
"Jody Allen has not yet confirmed the sale of the Seahawks, which her brother purchased for $197 million in 1997. But Paul Allen's will stipulated that his assets-including the Seahawks, the NBA's Trail Blazers, and a 25% stake in the MLS's Seattle Sounders- be sold to fund his charitable foundations. The Allen estate started to fulfill those wishes last September, entering a formal agreement to sell the Trail Blazers for an estimated $4 billion."
Jody Allen, billionaire chair and trustee of the Seattle Seahawks and Portland Trail Blazers, celebrated a 29-13 Super Bowl win over the New England Patriots. The Seahawks are reportedly up for sale, and the appearance may be Allen's last with the franchise. She inherited ownership after her brother Paul Allen's 2018 death; Paul Allen purchased the Seahawks in 1997 for $197 million and was worth roughly $20 billion. His will stipulates assets—including the Seahawks, Trail Blazers, and a 25% stake in the Seattle Sounders—be sold to fund charitable foundations. The Allen estate has agreed to sell the Trail Blazers for an estimated $4 billion. Allen keeps a low public profile while focusing on philanthropy.
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