While, it has been confirmed that the Seahawks and the Blazers will need to be sold, it hasn’t been fully confirmed (at least I haven’t heard of) if there are deadlines to do so.
I guess it could be entirely possible that Jody Allen can choose NOT to sell just to any willing buyer and she waits until there is a buyer she likes.
Hopefully, she’s a good judge of character and isn’t willing to just sell to the possible “highest” bidder. Or maybe that’s exactly the intent. Who knows.
I’m not sure what she ultimately wants versus what she ultimately is tasked to do.
Most posters here want some real changes and the biggest one would be the team being sold, but, Allen deciding who she is willing to sell too, that remains, unknown, and largely the biggest impact to the future success or even failures of the team.
The Seahawks remain in a potentially volatile or even dormant position with not much actually known of what will be in 3 years.
I have been searching online to find the Estate and Trust documents but have been unable to do so. If anyone finds them please let me know.
I have quite a bit of experience in the corporate tax and legal fields so, although I am speculating, it is informed speculation.
From a business and tax perspective only (excluding personal reasons including ego) the primary motivation for purchasing a football team is not to make a profit. It is to provide a tax shelter. The balance sheet of a football team has very little (comparatively speaking) in the way of tangible assets or liabilities. When a team is purchased/transferred, ~95% of the purchase/transfer price/value is accounted for as Goodwill. This is depreciated (actually Amortized) over a period of years and taken as a tax deduction. A football team is a HUGE tax write-off. When the team is sold, taxes are paid at the much lower capital gains rate, but the additional value of the deferral of the taxes is huge in and of itself (time value of money).
In many cases, upon transfer to Estates and Trusts the asset (team) has it's tax basis rest to the CMV (current market value) WITHOUT HAVING TO PAY TAX.
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It is possible that the Estate/Trust can treat the team as a tax shelter with Billions of dollars worth of deductions to offset other Estate/Trust income. If this is the case, it could be a breach of fiduciary duty to sell the team before the other high-income producing assets have been liquidated.
tldr; It is very possible that Jody will not sell the team for many years.
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