Kam Chancellor, Seahawks owner – minority share, to be sure
This possibility is another of the conjectures that have been made in wake of Kam’s statement. Frankly, this is the least exciting for me. I’m sure Kam would be pretty happy, though, considering the value of an NFL franchise. It’s not exactly a bad investment, as you can see. According to the site statista.com, the Hawks are currently valued at $3.5 billion – and yes, that’s billion with a “b”.
I mean, that’s getting into Jeff Bezos’ lunch money range. Oh, by the way, statista.com, Paul Allen no longer owns the franchise; you might want to update that. Forbes also lists the team’s value at $3.5 billion and correctly lists the Paul G. Allen Trust as the owner. Good job, gang!
Now there’s one problem with that. Kam Chancellor isn’t exactly in the same financial stratosphere as the typical NFL owner. According to sites such as therichest.com and celebritynetworth.com, Chancellor’s net worth is $21 million. So if he liquidates his entire portfolio from his home and cars to the Gatorade in the fridge, he could buy .6 percent of the Seahawks. That’s six-tenths of one percent. That’s not exactly a lot. It’s worth noting that Chancellor has already pondered an ownership role.
Of course, that isn’t how he would buy-in. He’d join a larger investment group, secure loans, etcetera, etcetera, much as Derek Jeter did to buy into the Marlins baseball team. Jeter leveraged his fame and expertise to be named as the team’s CEO, despite just owning four percent of the team. That would be possible for Chancellor, with one notable exception. Jeter is worth $200 million, roughly ten times Kam’s net worth. It would be much more difficult for the Seattle legend to find his way to the executive suite through ownership the same way Jeter did.