After selling off Amazon stock twice in the past year, Jeff Bezos has freed up around $13.5 billion in cash. Now, it seems he may be eyeing a major purchase.
Speculation is swirling that Bezos could be interested in buying the Seattle Seahawks, especially since the team has recently been valued at $5 billion. With the expiration of a clause that would have seen 10% of the sale price go to the state of Washington, the timing could be right for a move from Jody Allen and the Paul G. Allen Family Foundation.
Despite potential conflicts of interest with Amazon’s exclusive rights to Thursday Night Football, the decision to transfer ownership would ultimately be up to the NFL League owners if Bezos were to make a formal offer for the Seahawks.
Rumors of Bezos’ interest in purchasing the Seahawks have been circulating since 2019, and recent reports suggest that he sees Seattle as a prime opportunity. The potential return of an NBA team to Seattle could also play a role in Bezos’ decision-making process.
While it’s unlikely that Bezos would pursue ownership of both an NFL and NBA team simultaneously, the idea of bringing the NBA back to Seattle alongside the Seahawks is an enticing prospect. Vale Group has stated that neither the Seahawks nor the Trail Blazers are currently for sale, but that could change in the future.
Vale Group’s Vice President of Communications has indicated that a sales process for the Seahawks and Trail Blazers may be established at some point in the future, in accordance with Paul Allen’s wishes.