It’s Paul Allen’s directive, to liquidate all his trust assets and donate
NFR NFL 2023 Season
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It’s Paul Allen’s directive, to liquidate all his trust assets and donate
If the teams are profitable, seems like keeping them and donating the profit to those causes could yield more benefit long term. But wishes are wishes, so there's that. Thanks for the info.
I get a feeling she'd like to hold onto the Hawks as long as possible based on her statements, but she also has to follow the directives of the trust.
She mentioned it might take 10-20 years to unwind his estate, but the clock is ticking.
SF
I recall reading a quote from her (I think the same one Stonedfish is referring to) where she mentioned the complexity (she said 10 - 20 years to unwind the estate) and also pointed out there's no timeline. Also, there's a provision in the referendum that funded the construction of the field that requires the Seahawks to give WA state 10% of the gross sale price if they sold before May 2024. Guessing they wouldn't rush to sell for 90% of the value.
edit: found the article:
Chair Jody Allen addresses rumors over sale of Seahawks or Trail Blazers
The Seahawks released a statement Tuesday from team chair Jody Allen affirming that neither the Seahawks nor the Portland Trail Blazers are for sale.
www.seattletimes.com
But her statement said there is no timeline for any sale.
“The time will come when that changes given Paul’s plans to dedicate the vast majority of his wealth to philanthropy,” her statement read, alluding to the teams not being for sale for now, “but estates of this size and complexity can take 10 to 20 years to wind down. There is no pre-ordained timeline by which the teams must be sold.”
Lemme check...Wow! It appears that he forgot to add me to that list. I wonder how that happened?
Thats cool.
It'll be pretty interesting to see how this season unfolds in NY for Mr. Rodgers
Unfortunately the Jets defense is very legit, he has a decent receiver core, and I think the Bills aren't as good as they were last year. They are definitely in the playoffs...but they are not getting past the Chiefs in the AFC...
kerrys
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Meatloaf
