00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Seattle Seahawks announced Wednesday that the franchise is formally up for sale
00:06after beginning a process led by Allen & Company and Latham & Watkins, according to CNBC.
00:12The sale process is expected to continue through the 2026 offseason.
00:17The team is owned by the estate of Microsoft co-founder Paul Allen,
00:21who directed that his sports holdings be sold and proceeds directed to philanthropy.
00:25His sister, Jody Allen, became executor after his death in 2018.
00:30The Seahawks defeated the New England Patriots in the 2026 Super Bowl earlier this month.
00:36CNBC previously valued the franchise at roughly $7 billion.
00:40For all things money, visit Benzinga.com.
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