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Discussion in 'Blinded by the Lombardis: Patriots Forum' started by DanoooME, Mar 12, 2018.
His heirs have no interest in taking over?
Allen never married, and the only surviving family member I know of is a sister.
There's heaps of money in Seattle. I wonder if it would work to go the 'public corporation' route, the way Schneider's former team did in Green Bay. Get those twelves to pony up some bucks.
Edit: The Seahawks are valued at around $2.5 billion. One million people would have to pony up $2,500 each, or 100,000 people would have to put up $25,000 each. Impossible.
As mentioned earlier in this thread, that's no longer permitted under NFL rules.
Trust me, if I had a couple billion kicking around I'd be all over this.
And Allen's sister "has expressed interest" in the Seahawks, but Allen allegedly had a succession plan in his estate planning, so it's really going to come down to what that says.
This is why I have a problem with the narrative that Mr. Allen was a hero for keeping an NFL team in our little town, given that step #1 was to ask the Washington taxpayers to build him a stadium at a time when he was one of the richest two men living in the state (and probably one of the 10 richest in the world whose name wasn’t prefaced with “Sheik”).
Edit: he did plenty of other things that would fairly deserve to be called heroic.
What fraction of debt would you say the ordinary NFL team is acquired using?
My impression is that it's 50-80%.
I think it was during the 3Q last night they ran down all the defensive stars Seattle has lost the last few years. They could’ve fielded a pro bowl team with their departed. It’s impressive they’re still in playoff contention.
As was noted the NFL likely would block it. But remember, if Allen wanted it to be a public entity you don’t need to raise the real value of the franchise to purchase it, you just need him to create the entity through his will...wouldn’t need to be bought.
It would be problematic for nfl if he left it as a form of charity and they tried to block it, IMO. I am not sure they’d win that fight, and Allen (if he wanted that outcome) had a long time to set up lawyers and structures to work around nfl restrictions. For example, if it’s owned by a nonprofit trust benefitting (say) homeless children in Seattle, with explicit instructions around the need for team to be competitive, and he names (illustratively) Steve Largent as manager and Bill and Melinda Gates to the board of the trust is the nfl really going to war to stop that structure? There’s a ton of legal stuff sitting around it, but I suspect if he really wanted that outcome given his resources and relationships he could get it
Welp, they trounced SF 43-16 today, to get to 7-5. They have 3 of the last 4 at home. Remaining schedule is vs. Min (huge game), @SF, vs. KC, vs. Arz (always a thorn). They should get to 9-7 at a minimum. All of these games are winnable, given KC losing Hunt. Winning out would get them the 5 seed and a date with the NFC East champ barring a Bears collapse. 3 of 4 might do the same.
I take back all the negative things I said about Carroll. I'm a bit stunned he has turned this team around and got a great shot at a PO spot. The Seahawks definitely have an underdog vibe this year & hope they get it.
Fire Schottenheimer. Now.