Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Allen: Seahawks, Blazers not up for sale yet

Written by 
Published in Basketball
Tuesday, 05 July 2022 15:28

SEATTLE -- Jody Allen, the de facto owner of the NFL's Seattle Seahawks and NBA's Portland Trail Blazers, said in a statement Tuesday that the teams are not currently for sale but eventually will be.

Allen's statement comes on the heels of last month's report from ESPN's Adrian Wojnarowski that Nike founder Phil Knight and Los Angeles Dodgers part-owner Alan Smolinsky made an unsolicited offer of more than $2 billion to buy the Blazers. Jody Allen has been the trustee of the Paul G. Allen Trust since her brother, the Microsoft co-founder, died in 2018.

"As chair of both the Portland Trail Blazers and the Seattle Seahawks, my long-term focus is building championship teams that our communities are proud of," Allen's statement read. "Like my brother Paul, I trust and expect our leaders and coaches to build winning teams that deliver results on and off the court and field.

"As we've stated before, neither of the teams is for sale and there are no sales discussions happening.

"A time will come when that changes given Paul's plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can take 10 to 20 years to wind down. There is no pre-ordained timeline by which the teams must be sold.

"Until then, my focus -- and that of our teams -- is on winning."

In a statement last month, a Blazers spokesperson confirmed the offer by Knight and stated the team "remains not for sale." Seahawks coach Pete Carroll said last month of the possibility of Allen selling the Seahawks, "She's never entertained that thought at all. I haven't heard her say that at all."

But Allen's statement marks the first official acknowledgment that the Seahawks are not for sale while making it clear that the trust plans to eventually sell both teams in accordance with Paul Allen's wishes.

A clause in Paul Allen's agreement to purchase the Seahawks in 1997 could make it unlikely that the team is sold within the next 22 months. According to the Sports Business Journal, a sale before May 2024 would entitle the state of Washington to 10% of the gross proceeds.

Last summer, Forbes ranked the Seahawks as the NFL's 12th most valuable franchise at an estimated $3.5 billion. The Denver Broncos have since reached an agreement to be sold for $4.65 billion. The Broncos were 10th on Forbes' 2021 list at an estimated $3.75 billion.

Read 191 times

Soccer

Prem clubs approve spending cap from 2025-26

Prem clubs approve spending cap from 2025-26

EmailPrintOpen Extended ReactionsPremier League clubs have taken a step towards implementing a spend...

Panel: Only one VAR error in disputed Forest game

Panel: Only one VAR error in disputed Forest game

EmailPrintOpen Extended ReactionsThe Premier League's Independent Key Match Incidents Panel has rule...

Madrid focused for 'very dangerous' Bayern in UCL

Madrid focused for 'very dangerous' Bayern in UCL

EmailPrintOpen Extended ReactionsMUNICH, Germany -- Carlo Ancelotti has insisted Real Madrid will no...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Wemby, Spurs to face Pacers twice in Paris in '25

Wemby, Spurs to face Pacers twice in Paris in '25

EmailPrintOpen Extended ReactionsVictor Wembanyama will return to his native France next year to lea...

Why no NBA team has been as devoid of options as the Phoenix Suns

Why no NBA team has been as devoid of options as the Phoenix Suns

EmailPrintOpen Extended ReactionsThe NBA has occasionally seen teams go all-in only to have their se...

Baseball

Red Sox add Cooper to roster, reassign Reyes

Red Sox add Cooper to roster, reassign Reyes

EmailPrintOpen Extended ReactionsThe Boston Red Sox added first baseman/outfielder Garrett Cooper to...

Battle for the AL East! Why Yanks-O's is the week's biggest series

Battle for the AL East! Why Yanks-O's is the week's biggest series

EmailPrintOpen Extended ReactionsThe battle for the American League East starts now! This week, the...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated