"Allen's estate announced Wednesday that it has begun the process of selling the team, which is coming off its second Super Bowl victory in franchise history. The NFL did not immediately respond to a request for comment from The Associated Press, nor did Allen's estate have anything further to add beyond its brief statement, it said. Ahead of the Super Bowl, NFL Commissioner Roger Goodell commended Allen's estate on its time owning the Seahawks."
"The estate said the sale is consistent with Allen's directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy. The Seahawks have been in the Allen family since 1997, when Paul Allen bought the team for $194 million from then-owner Ken Behring. Allen was critical in keeping the Seahawks in Seattle, which is where the team is expected to remain after the sale is finalized. The Seahawks have a lease at Lumen Field that runs through 2032 with three 10-year options."
Paul Allen's estate has begun the process of selling the Seattle Seahawks, with the sale expected to progress through the offseason under advisors Allen & Company and Latham & Watkins. The estate said proceeds will be directed to philanthropy in line with Allen's directive to sell his sports holdings. NFL owners will need to ratify a final purchase agreement. The Seahawks, purchased by Paul Allen in 1997 for $194 million, are expected to remain in Seattle and have a Lumen Field lease through 2032 with three 10-year options. Jody Allen has owned the team since Paul Allen's 2018 death.
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