Jody Allen said in a statement that the teams are not currently for sale but eventually will be.
Allen's statement comes on the heels of a report that Nike founder Phil Knight and Los Angeles Dodgers part-owner Alan Smolinsky made an offer of more than $2 billion to buy the Portland Trail blazers. Jody Allen is the Trustee of the Paul G Allen Trust.
Allen's long-term focus is to build championship teams that are proud of their communities. I expect our leaders and coaches to build winning teams that deliver results on and off the field.
Neither of the teams is for sale and there are no discussions happening.
It can take 10 to 20 years for estates of this size and complexity to wind down given Paul's plans to dedicate the vast majority of his wealth to philanthropy. There is no timetable for the sale of the teams.
My focus right now is on winning.
The team remains not for sale according to a statement released last month. She's never entertained that thought at all, Pete said last month. I've never heard her say that.
Paul Allen made it clear in his statement that the trust plans to eventually sell the teams in accordance with his wishes.
It is unlikely that the team will be sold within the next 22 months due to a clause in Paul Allen's agreement. The state of Washington could get 10% of the gross proceeds from a sale before May 2024.
Forbes ranked the Seahawks as the 12th most valuable franchise in the National Football League at an estimated $3.5 billion. An agreement has been reached to sell the Broncos for $4.75 billion. The Broncos were 10th on Forbes' list of the world's richest people.
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