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Paul Allen

All articles tagged with #paul allen

sports11 days ago•25 min saved

Dundon-led bid approved to buy Portland Trail Blazers in about $4.25B two‑part deal

Unanimous approval from the NBA Board of Governors paves the way for Tom Dundon’s group to purchase the Portland Trail Blazers for roughly $4.25 billion. The sale will close in two parts, the first on March 31, 2026 and the second no later than September 1, 2028. The move follows Paul Allen’s estate putting the team up for sale in 2025; Dundon, who also owns the Carolina Hurricanes, is set to lead the franchise’s next chapter for Rip City.

via KATU|

#moda-center #nba #paul-allen

business1 month ago•1 min saved

Paul Allen's Seahawks Enter Sale Process After Super Bowl Triumph

The estate of Paul G. Allen has launched a formal sale process for the Seattle Seahawks, ten days after the team’s Super Bowl victory. Allen bought the franchise in 1997 and died in 2018; the sale proceeds are intended for philanthropy. Forbes values the Seahawks at about $6.7 billion, making them among the NFL’s most valuable franchises. The sale is being led by Allen & Company and Latham & Watkins, with sister Jody Allen as executor, and comes after other marquee deals like the Commanders’ 2023 sale; the Trail Blazers’ sale is also progressing under separate terms.

via BBC|

#business #estate #nfl

business1 month ago•1 min saved

Seahawks Begin Formal Sale, Eyeing NFL's Largest Franchise Deal

The Seattle Seahawks, owned by Paul Allen's estate and overseen by executor Jody Allen, have launched a formal sale process led by Allen & Co. and Latham & Watkins. Coming off a 2026 Super Bowl victory, the sale could be one of the biggest in NFL history, with prior valuation around $7 billion and the Commanders' $6 billion sale in 2023 cited as context; a deal would be finalized after NFL owners ratify the purchase agreement.

via CNBC|

#business #jody-allen #nfl-valuation

business1 month ago•2 min saved

Paul Allen’s estate launches Seattle Seahawks sale

Paul Allen’s estate has begun selling the Seattle Seahawks, appointing Allen & Company and Latham & Watkins to lead the sale. The deal is expected to approach $10 billion and must be approved by NFL owners; proceeds will be donated to charity per Allen’s wishes, with sister Jody Allen maintaining control.

via NBC Sports|

#business #nfl #paul-allen

sports3 years ago•1 min saved

Jeff Bezos Rules Out Bidding for Washington Commanders

Amazon founder Jeff Bezos may turn his attention to buying the Seattle Seahawks, as the team is in better shape than the Commanders and could be sold by Jody Allen, sister of the late Paul Allen, who has been selling off his assets. The Seahawks are not currently for sale, but eventually will be, and if sold before May 2024, 10 percent of the proceeds will go to the State of Washington as part of the deal to build the team’s current stadium.

via NBC Sports|

#jeff-bezos #jody-allen #nfl

accidents3 years ago•2 min saved

"Paul Allen's research vessel tips over, injuring dozens in Edinburgh dock"

The US Navy research vessel Petrel, once owned by Microsoft billionaire Paul Allen, partially tipped over at a dry dock in Scotland, injuring 33 people. The ship was dislodged by gusty winds and left at a 45-degree angle. Emergency response services, including 12 ambulances, an air ambulance, and three trauma teams, were deployed to the scene. The Petrel was retrofitted to serve as an underwater research and exploration vessel and discovered several lost shipwrecks during its service years. An investigation will explore what went wrong.

via Yahoo News|

#accidents #emergency-response #paul-allen

accidents3 years ago•1 min saved

Ship owned by Microsoft cofounder Paul Allen's estate tips over at Edinburgh dockyard, causing injuries.

The R/V Petrel, a research vessel that was previously owned by Microsoft co-founder Paul Allen and was used to discover several WWII wrecks, tipped over about 45 degrees while in dry dock in Edinburgh, Scotland. 21 people were taken to the hospital with injuries and another 12 were treated at the dock and released. The ship had been laid up in Scotland until the Navy bought it in September 2022 for $12.4 million. The cause of the incident is unknown.

via USNI News|

#accidents #dry-dock #paul-allen

accidents3 years ago•2 min saved

Microsoft cofounder's estate ship capsizes at Scottish dockyard.

A research ship owned by the estate of late Microsoft co-founder Paul Allen has tipped over at a dockyard in Scotland, leaving at least 25 injured. The RV Petrel, which made global headlines for discovering the long-lost USS Indianapolis in 2017, among other deep-sea wrecks, was placed in long-term moorage in 2020 due to "operational challenges" from the coronavirus pandemic. The ship toppled over after becoming "dislodged from its holding in strong winds."

via Fox Business|

#accidents #edinburgh #paul-allen

accidents3 years ago•1 min saved

Edinburgh port accident: Large ship capsizes, causing injuries.

A large ship, identified as the Research Vessel Petrel, partially tipped over in a dry dock in Edinburgh, Scotland, leaving 25 people injured. The ship, funded by the late Microsoft founder Paul Allen, has been in long-term mooring since 2020. Strong winds are believed to have caused the incident, which occurred just before 8:30 a.m. local time.

via CNN|

#accidents #edinburgh #injuries