Menu
Franchises

Sale Of Seahawks Expected In Wake Of Paul Allen's Death

Allen had a succession plan in place for the team, but it has not yet been made publicGETTY IMAGES

The death of Seahawks Owner Paul Allen last week "will likely lead to the eventual sale of the franchise," according to Jason La Canfora of CBSSPORTS.com. Sources said that the "exchange of the franchise is likely to follow a similar path as when Ralph Wilson passed away as owner of the Bills." In that instance, there were "provisions about the franchise remaining in that region" (CBSSPORTS.com, 10/21). THE MMQB's Jenny Vrentas noted the succession plan Allen put in place "has not been made public." The Seahawks at last week's NFL owners meeting "were represented" by CFO Karen Spencer. If the team is sold, it "would draw a great deal of interest" given its "strong fan base, an excellent stadium and a hometown flush with tech money." Amazon CEO Jeff Bezos is one "obvious name the league would no doubt be interested in bringing into the fold." Bezos is based in Seattle, and the NFL is "already in business with him" through the "TNF" streaming deal. A few other names that "could make sense, given their net worth, location, ties to professional sports teams and/or the NFL’s desire to have them join the ownership," are Clippers Owner Steve Ballmer, Oracle Founder & Exec Chair Larry Ellison, Warriors co-Owner Joe Lacob and Salesforce Chair & co-CEO Marc Benioff (SI.com, 10/19). CBSSN's Amy Trask said the NFL's relaxed cross-ownership rules could open the door for "someone who has an interest in a team in another market," like Ballmer, to bid for the Seahawks. Trask: "Even if that doesn't happen, it creates leverage because prospective buyers know that there is a bigger market" ("That Other Pregame Show," CBSSN, 10/21).

LED BY EXAMPLE: NBCSPORTS.com's Peter King writes the reason "people loved working" for Allen is that he "left them alone to do the jobs he hired them to do." Seahawks GM John Schneider said that Allen would "email him plenty about decision the team made, and would never overrule him" or coach Pete Carroll "on anything." Allen's input was "from a man who knew how to make smart business decisions, and when he had something smart to contribute, he did." When he did not, he "stayed out of the way" (NBCSPORTS.com, 10/22).

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record night; NHL's record year at the gate and Indy makes a pivot on soccer

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2018/10/22/Franchises/Seahawks.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2018/10/22/Franchises/Seahawks.aspx

CLOSE