After offloading Amazon inventory twice during the last yr, as soon as for $8.5 billion and extra just lately for $5 billion, liberating up roughly $13.5 billion in money, Jeff Bezos seemingly has his sights set on a quite sizable buy.
Many assumed that he could be in on the sweepstakes to buy the Washington Commanders final yr, however with that chance having handed, rumors have continued swirling, connecting the multi-billionaire founding father of Amazon to the potential sale of the Seattle Seahawks. Maybe it’s only a coincidence, however the Seahawks have just lately been valued at $5 billion. Additionally price mentioning, is the clause that might see 10% of the sale value go to the state of Washington if the workforce had been to be offered previous to Might 2024 has expired.
The timing appears ripe for Jody Allen and the Paul G. Allen Household Basis to make a transfer, and from an historic context, few suitors make extra sense than Jeff Bezos. Amazon’s unique rights to Thursday Evening Soccer might definitely be known as into query as some kind of battle of curiosity, however in the end that, and any switch of possession, could be as much as the NFL League homeowners to determine if Bezos had been to place in a proper supply for the Seahawks.
Reported curiosity in buying the Seahawks dates way back to 2019, one yr after the dying of Paul Allen. In newer instances, a Washington Submit report famous that “Bezos is aware of that Seattle is sitting there,” with the context that the Commanders had been in the end offered to a gaggle led by Josh Harris.
That is additionally simply me speculating wildly, however the timing appears serendipitous with the murmurings of an NBA growth which might seemingly see the return of an NBA workforce to Seattle. Jeff Bezos isn’t precisely well-known for avoiding ostentation, and buying the Seattle Seahawks and bringing the NBA again to Seattle in a single fell swoop would most definitely be an influence transfer. I believe it’s unlikely that any transfer by Bezos to buy the Seahawks from Vale Group (previously Vulcan Inc) would come with the Portland Path Blazers, however being the proud founding proprietor of a shiny new Seattle NBA franchise appears compelling. I ought to notice, I do suppose it’s lower than seemingly that Jeff Bezos tackles NFL and NBA possession concurrently, but it surely’s enjoyable to invest. Personally, I’m having a tough time imagining a greater situation for Seattle sports activities.
It must be famous that the final public assertion from Vale Group relating to a possible sale got here in June 2023, when Vice President of Communications Jason Hunke stated that neither the Seahawks nor the Path Blazers is presently on the market. He added “that can ultimately change pursuant to Paul’s needs, however there isn’t a pre-ordained timeline for when that can occur. events can have interaction once we set up a gross sales course of in some unspecified time in the future sooner or later.”
