Another billionaire has entered the fray to be the new owner of the Seahawks.
Todd Boehly, CEO of holding company Eldridge Industries, is considering a bid to own Seattle’s NFL team, per Semafor’s Liz Offman. The Seahawks would be the latest addition to Boehly’s extensive sports portfolio, which includes part-ownership in the MLB’s Los Angeles Dodgers and the NBA’s Los Angeles Lakers. He is also the co-owner and chairman of English soccer club Chelsea and majority owner of French soccer club Strasbourg.
Potential partners in Boehly’s bid include Mark Walker, CEO of Guggenheim Partners and co-owner of Chelsea and the Lakers, and unnamed investors in the Middle East.
Projections for the Seahawks’ sale price have fluctuated over the past several months. Initial expectations exceeded $10 billion immediately following the team’s Super Bowl win , but perceptions of a soft market dropped expectations to $7 billion by April. Bidding is now expected to approach $9 billion, which would still set a record for an NFL team’s sale, besting Josh Harris’ 2023 acquisition of the Commanders for $6 billion.
$9 billion would also be one of the highest purchase prices for any American sports team. The Lakers were sold for $10 billion last year. The exact amount of Boehly’s funding in that deal is unknown. He and Walker bought 27% of the team, placing their investment around $2.7 billion.
Other bidders for the Seahawks include a joint venture between Boston Celtics co-owners Aditya Mittal and Wyc Grousbeck and a group led by Sun Microsystems co-founder Vinod Khosla. Adding Boehly into the mix could drive Seattle’s price up further. Formal bids are expected within the next month.
Now we get the OH NO Seattle Seahawks will be moved. These Billionaires aren’t stupid. There is a rabid following for Seattle. They have a great Stadium and a long lease. The Stadium isn’t all fancy like SOFI but it is a great place to watch a game. It is also the noisiest in the league. Sorry KC using artificial noise makers is cheating. These guys are smart enough to keep the team making bank right where it is. GO HAWKS
What people don’t realize also are the Hawks are not just Seattle. Rabid fans all through the Northwest and Alaska. NFL does not want to lose that market.
I live in on the east coast but watching Seahawks play in Seattle when my Giants come to town it’s impossible to hear on the field . I was fortunate to see the Giants when they went out to Seattle while I was on vacation a few years ago. It’s just crazy . The most difficult place to play as a road team
“The Seahawks would be the latest addition to Boehly’s extensive sports portfolio”.
Well my extensive sports portfolio includes a pickleball paddle, nerf ball and bag of golf tees and Todd will have to get in line behind other bidders to claim them 🙂
Get this middle eastern money out of the USA
Why are you aholes forcing us to see a picture of Demento Donny on this site? Please I know you are a big Trump fan but please save your fanboy pictures for your X the criminal system account.
Hahahhahahahha your’re dumb.
TDS is strong with this one