NFL

Report: First round of bids for Seahawks were due today

The secretive sale of the Seattle Seahawks might soon be less of a mystery.

Via Bob Condotta of the Seattle Times, Bloomberg News reported on Monday that the first round of bids were due today, June 29.

Three groups previously had been identified. They are, as summarized by Condotta: a group led by Wyc Grousbeck and Aditya Mittal, who are alternate governors of the Boston Celtics; a group led by Vinod Khosla, a minority owner of the San Francisco Giants; and a group led by billionaire Todd Boehly, who owns a piece of the L.A. Lakers and who serves as chairman and owner of the Chelsea Football Club.

The Seahawks have been owned by Jody Allen since the passing of her brother, Paul, in 2018. Prior to Super Bowl LX, the Wall Street Journal reported that the Seahawks had been fined $5 million for failing to comply with the NFL’s ownership requirements. The NFL insisted that no fine was imposed.

As PFT reported at the time, the league agreed to withhold the fine in exchange for a commitment to sell the team, in compliance with the directives of Paul Allen’s trust. The franchise was then put up for sale after the Seahawks won Super Bowl LX

In February, the final price was expected to fall in the range of $9 billion to $11 billion. Then came a report of a soft market. Not long after that, it was reported that the market had picked up.

PFT reported earlier this month that signs continue to point to a deal being done before the start of the 2026 regular season.

Regardless of how long it takes to finish the process, today is the day to put up or shut up.



Read the full article here

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