Jody Allen, the billionaire owner of the Seattle Seahawks, is reportedly planning to sell the team, according to sources who spoke with ESPN last week. This news comes after the Seahawks' decisive 29-13 victory over the New England Patriots in the Super Bowl. Allen, who also owns the Portland Trail Blazers, inherited ownership of both teams after the 2018 death of her brother, Paul Allen.
The 67-year-old's potential departure from the Seahawks would make her one of the most unusual figures in American sports, according to Fortune. Her status as a billionaire entrusted with managing a fortune and now a Super Bowl winner eyeing a near-immediate exit is noteworthy.
In other news, the urgent investigation into the apparent kidnapping of 84-year-old Nancy Guthrie continued Sunday, a week after she was reported missing in Arizona. Her daughter, Today show host Savannah Guthrie, released a social media video Saturday stating that the family was prepared to pay for her safe return. "We received your message and that: This is the only way we will have peace. This is very valuable to us, and we will pay," Guthrie said, according to an FBI spokesman. The FBI is reviewing a message sent to a Tucson-based television station, KOLD, which declined to share details about its contents.
Meanwhile, in the financial world, Jenny Just, cofounder of PEAK6 Investments, believes that playing poker can be a valuable skill in making high-stakes decisions. "I think I could have saved 10 years of losses off my career if I had learned poker sooner," Just told CNBC. She added that the repetitions gained from playing poker build muscles that translate directly to business decisions.
The crypto market has also been facing challenges. The crypto wipeout that vaporized $1 trillion in market value over the past three months has affected the crypto ventures tied to President Donald Trump's family. According to Fortune, the worst-performing crypto asset tied to the Trump family has been American Bitcoins stock, which has plunged about 80% since October 10.
Finally, Eddie Bauer's retail operator has filed for Chapter 11 bankruptcy protection, citing declining sales and industry headwinds. The filing marks the third time in just over two decades for the brand. Eddie Bauer LLC said Monday it had entered into a restructuring pact with its secured lenders as it made the filing in the U.S. Bankruptcy Court for the District of New Jersey. Most Eddie Bauer retail and outlet stores in the U.S. and Canada will remain open as the company winds down certain operations.
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