Seattle Seahawks sold for NFL record $9.6 billion

[stevenash]

Super Bowl champion Seattle Seahawks sold for NFL record $9.6 billion, you won’t believe what they were bought for in 1997

When was the last time you heard these words, "9.6 billion is a value..."

Allen paid 914 million for the Seahawks in 1997, and sold for 9.6 billion,
I did some quick accounting basic math, that's an ROI of 494%
It's not often I need to divide 9.6 x 10^9 by 1.94^8.

There are other factors involved when determining an actual ROI, which is the primary reason I bailed on an accounting career after my first semester at Union.
It's tedious, there's no grey area, there's no wiggle room in accounting, and to succeed, you need to be super anal, which I am not.


(12) Front Office Sports on X: "$194 million: How much Paul Allen bought the Seattle Seahawks for in 1997. $9.6 billion: How much Paul Allen's estate agreed to sell the Seattle Seahawks for in 2026. https://t.co/NXcesojGH4" / X

[ChuckyTheGoat]

Nash, let's check your math:
*Is the $914M you listed...supposed to be $194M?

*If it's the $194M in 1997, then (9600/194) = 49.5

...Approximately 20 years. 1/n = .05.
49.5^(.05) = 1.22. +22% annually is one hell of a compound interest.

I know that Professional Sports contracts used to trend at +20% per annum. Not sure if that's changed.
...One thing's for sure. Pro sports is pricing out the average fan. You need to have DEEP pockets to afford a game-ticket.

[stevenash]

^
Good eagle eye, Scout.
And you'd be correct, an obvious inversion error on your pal Nasher's part.
Reason #88 why I bailed on accounting: if I make a mathematical mistake, and I do make mistakes now and then, you can bet it's an inversion error.


Good catch.
Which is why I say (I say a lot of things)
"I don't like to think on Sundays"

[ChuckyTheGoat]

I made one error. I was thinking 20 years.

1997>>2026 = 29 years. 1/29 = .034.

49.5^.034 = 1.144. So, +14.4% compounded annually.
...Compound Interest at work. Compound interest is the silent killer.
...If you play it right, it's like a Magic Money Machine.

NFL owners mostly hold a Money Printing machine. How can they go wrong?
...Think back to all the rules that reduce contact and risk of catastrophic injury.
...I really think the Owners fear an on-field fatality during play.

[stevenash]

NFL owners mostly hold a Money Printing machine. How can they go wrong?
...Think back to all the rules that reduce contact and risk of catastrophic injury.
...I really think the Owners fear an on-field fatality during play.

All the credit goes to Roger Goodell.
The man is straight up evil, who would sell his firstborn for a fraction of a ratings point.
I don't like him.

Having said that, the dude is a brilliant businessman. visionary in every sense of the word.
He saw taking the NFL to Europe, and now Australia would be a dollar bonanza, and that paid off handsomely.
Goodell got that beau-coup money media rights deal done too.
He's a once-in-a-generation businessman, in the same class as Mike Bloomberg and Jeff Bezos.

And yes, Goodell gets the credit for the improved head injury safeguards, but remember now, the NFL looked the other way regarding concussions since the league was formed, but for the first time, the league was under the gun, the league was under red-hot pressure with all the CTE-related suicides, Goodell had no choice, he was getting tons of heat from AMA (and other groups) high powered execs.
Up until then, concussions were swept under the rug, and there wasn't a thing anybody could do; the NFL had too much clout.

The movie 'Concussion' did a good job of that.

When Will Smith's character wanted to sue the NFL, Albert Brooks told him, you can't take on the NFL; they're too powerful.

"The NFL owns a day of the week. The same day the Church used to own. Now it's theirs"