Big Law
Macklemore and Marshawn Lynch Join Ownership Group of the Seattle Kraken
The NHL’s Seattle Kraken have added former NFL star Marshawn Lynch and rapper Macklemore as minority investors.
The terms of the investments were not made public. Sports bankers estimate that minority equity stake deals similar to this are generally for 1% of a team or less. The Kraken’s estimated value is $875 million, according to Forbes.
Lynch expressed his appreciation for the city where he played seven of his 13 NFL seasons with the Seahawks, helping the franchise win its first Super Bowl in 2014.
