Microsoft co-founder Paul Allen has used $200 million of his own money to take over American Football team the Seattle Seahawks, and become a sports mogul.
Allen already owns the Portland Trail Blazers, a team in the National Basketball Association, and is helping to fund the replacement of Seattle?s major sports stadium, the Kingdome. The Seahawks deal is subject to NFL approval and is the result of a promise Allen made to Seattle taxpayers, saying he would buy the Seahawks and contribute towards the new stadium if locals voted to spend $425 million on replacing the Kingdome.
The promise led to weeks of debate and speculation in Seattle about Allen?s motives, sincerity and the costs involved before the referendum settled the issue. The only major regional sport Allen has no hold on is baseball. The local team, the Seattle Mariners, will move from the Kingdome to a new, purpose-built stadium nearby next year.
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