SEATTLE, WA – The Estate of Paul G. Allen has formally begun the process of selling the Seattle Seahawks, according to an announcement posted on the team’s website.

The estate said the move is consistent with Allen’s directive that his sports holdings eventually be sold, with all proceeds directed to philanthropic efforts.

Investment bank Allen & Company and law firm Latham & Watkins have been selected to manage the sale process. The transaction is expected to continue through the 2026 NFL offseason. Any final purchase agreement will require approval from NFL owners.

Allen, who purchased the franchise in 1997, died in 2018. The team has remained under the ownership of his estate since that time.

No potential buyers or sale price details were announced.