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.