July 11, 2026, 7:53 p.m. ET<\/p>\n
The Baltimore Ravens<\/a> are not for sale, but the NFL\u2019s latest ownership agreement may have changed how every franchise is viewed, including Steve Bisciotti\u2019s.<\/p>\n The estate of Paul Allen has reached an agreement to sell the Seattle Seahawks<\/a> to the Khosla family and limited partners for $9.612 billion, subject to league review and approval. If finalized, the deal would become the most expensive sale of an NFL franchise, surpassing the $6.05 billion purchase of the Washington Commanders<\/a> by a group led by Josh Harris in 2023. The sale price also would land well above several public valuation estimates, reinforcing the idea that full-control NFL transactions can command major premiums when rare franchises become available.<\/p>\n That matters in Baltimore because Sportico has valued the Ravens at $6 billion,<\/a> ranking 24th among NFL franchises. That number already represents extraordinary growth from Bisciotti\u2019s original purchase, but the Seahawks<\/a> agreement suggests it may understate what the Ravens could command in a true open-market bidding process.<\/p>\n Bisciotti purchased the Ravens in two stages: first buying a 49% minority stake in 2000 for $275 million, then taking control in 2004 by purchasing the remaining 51% for $325 million. His total investment was valued at roughly $600 million. Forbes reported those figures in 2013, when Baltimore\u2019s value had already surged following another Super Bowl championship.<\/p>\n The math is staggering. At $6 billion, the Ravens are worth about 10 times Bisciotti\u2019s total purchase price. If the Seahawks\u2019 record sale pushes comparable NFL franchises upward, Baltimore\u2019s practical market value could move into the $7 billion range and perhaps higher if a full-control sale ever creates a competitive auction. Applying the Seahawks-style premium directly to Sportico\u2019s Ravens estimate would push the number closer to $8.5 billion, though Baltimore\u2019s market size and stadium economics would shape any final price.<\/p>\n