Tech Giants Mark Zuckerberg and Tim Cook Eye Purchase of Seattle Seahawks
Seattle Seahawks' cost explained: Here's what Mark Zuckerberg and Tim Cook are offering
Hindustan Times
Image: Hindustan Times
The Seattle Seahawks, an NFL franchise, are on the market with interest from notable tech figures Mark Zuckerberg and Tim Cook. The sale is driven by the late Paul Allen's wishes, and estimates suggest the franchise could sell for between $9 billion and $11 billion.
- 01Mark Zuckerberg and Tim Cook are potential buyers of the Seattle Seahawks.
- 02The franchise's sale is tied to the wishes of late co-founder Paul Allen.
- 03Valuations suggest the Seahawks could sell for between $9 billion and $11 billion.
- 04Recent NFL sales indicate a rising trend in franchise values.
- 05Zuckerberg's net worth significantly surpasses Cook's, which may influence bidding.
Advertisement
In-Article Ad
The Seattle Seahawks, one of the NFL's most valuable franchises, have been on the market for two months, attracting interest from tech moguls Mark Zuckerberg (founder of Meta) and Tim Cook (CEO of Apple). The sale is in accordance with the wishes of the late Paul Allen, who passed away in 2018 and desired his sports holdings, including the Seahawks, to be sold. Estimates for the sale price vary, with some sources suggesting it could exceed $10 billion, while others believe it may be closer to $8 billion. Recent NFL transactions, such as the $10 billion valuation for a minority stake in the New York Giants and a $12.5 billion valuation for a 1% stake in the Miami Dolphins, highlight the increasing value of NFL teams. Experts predict the Seahawks' final sale price will likely fall between $9 billion and $11 billion, reflecting the rarity and growing value of NFL franchises.
Advertisement
In-Article Ad
The sale of the Seahawks could reshape the local sports landscape in Seattle, affecting fans, local businesses, and the community.
Advertisement
In-Article Ad
Reader Poll
What do you think about tech executives buying NFL teams?
Connecting to poll...
Read the original article
Visit the source for the complete story.