The passing of Seattle Seahawks owner Paul Allen marked the end of the most successful chapter in club history.
His sister Jody has since taken control of the trust with power over the Seattle football franchise, but she doesn’t want the team and the Microsoft co-founder has no heirs, leaving many to suspect the Seahawks (along with the Portland Trailblazers and Seattle Sounders) will soon be for sale.
Per Allen’s wishes, a transfer of ownership will be contingent upon the new owner retaining the Seattle market.
There’s no shortage of wealthy individuals who would like to claim the trophy asset, but few have the liquidity; which is why the league finally away with its restrictive cross-over limitations.
Outdated bylaws had prevented existing NBA, NHL, MLB owners from bidding on teams outside their local market.
I suspect the league’s next move will be to increase ownership debt limits as it looks to continue growing the potential buyer pool and keep sale prices rising.