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Davy Jones Locker Room
6 days
Melinda French Gates Becomes Minority Owner of the Seattle Kraken
Melinda French Gates is becoming a minority owner of the Seattle Kraken, the team’s parent company said Monday, pending approval from the NHL. The size of her stake and the terms were not disclosed. French Gates, 61, the philanthropist and ex-wife of Microsoft co-founder Bill Gates, is buying into One Roof Sports and Entertainment, the company that owns the Kraken. ESPN’s Emily Kaplan first reported the deal. French Gates is worth about $30 billion, according to Forbes, and the investment is her first ownership stake in a major professional sports team. She joins a group led by majority owner Samantha Holloway that includes minority investors David Wright, Amazon CEO Andy Jassy, and producer Jerry Bruckheimer. Holloway became majority owner in December 2024 after the death of her father, David Bonderman, the TPG co-founder whose group, Seattle Hockey Partners, won the expansion franchise. “As a longtime Seattle resident, it means a lot to me to have the chance to make this investment in our city and its future,” French Gates said in a statement. “I’m a big believer in the power of sports, and after many years of cheering on Seattle from the sidelines, I’m excited to have an even deeper connection to the Seattle sports community. Seattle is an engine of innovation in so many ways, and Samantha Holloway’s leadership of the Kraken and Climate Pledge Arena reflects that.” Holloway said in the statement, “Melinda is an impressive business leader, philanthropist and importantly, a Seattle sports fan. We share many of the same values, including a deep commitment to Seattle and a belief in building organizations that create lasting impact.” “It’s just time,” French Gates told ESPN. “What you’re seeing is a generation of women coming into their full power. I’ve walked into tough rooms, and being one of the few is very hard. Once we can create enough that we’re one of many, it just gets easier.” Though originally from Dallas, French Gates has lived in the Seattle area for nearly 40 years. She joined Microsoft in 1987, where she met Bill Gates, and worked on multimedia products before leaving in 1996. She co-chaired the Bill and Melinda Gates Foundation from 2000 until 2024 and now runs Pivotal, a Kirkland-based organization she founded in 2015 to support women and young people in the United States and abroad. One Roof Sports and Entertainment, created in March, owns the Kraken and controls Climate Pledge Arena, along with the Kraken Community Iceplex, the rebuilt Memorial Stadium, and the AHL’s Coachella Valley Firebirds. The group is pursuing an NBA expansion team for Seattle. What this means for the Kraken Nothing changes from a hockey operations standpoint. Jason Botterill will continue to be the GM, they are conducting an audit, they will pursue free agents and make draft picks and attempt trades and it will be business as usual there. The addition brings financial security. Though the NHL has a hard salary cap, Scouting, front office salaries, player development, analytics, facilities, and support staff are not subject to an NHL salary cap and can vary from organization to organization, depending on the owners’ willingness and ability to spend money. A group with French Gates’s money can cover all of that through a rebuild without needing the team to turn a profit, and won’t be forced to cut costs or tear the team down in a bad year. There is also a very expensive NBA bid going on. In March, the NBA’s Board of Governors voted to explore expansion in Seattle and Las Vegas, and Holloway’s group, advised by JPMorgan Chase and Moelis, is the only public Seattle bidder. The NBA hired PJT Partners to evaluate the markets, ownership groups, and arenas and the expansion fees is projected to be somewhere in the $6 to $10 billion range. French Gates is now an owner in One Roof, the group pursuing the NBA team, so her money is already behind that effort. Though we don’t know the extent of her stake, her fortune is several times the projected fee, and because the NBA weighs the strength of each ownership group, her name helps the Seattle bid. Her most visible impact will probably be in the community. The One Roof Foundation has focused on getting more kids into sports, and French Gates has spent her career working on opportunities for women and families. Holloway said, “We’re really aligned on that.” For the Kraken, the deal leaves them with a richer, steadier ownership group. For One Roof, it adds another prominent name as it tries to bring the NBA back to Seattle.
Seattle Weekly
7 days
Local businesses urged to apply for federal flood funds by June 10
In the wake of the damage caused by the Dec. 2026 atmospheric rivers and flooding, it is important to remember that June 10 is the deadline for those impacted by these events to apply for federal assistance programs, including the Small Business Administration, which are loans that can by applied to personal or business-related losses not covered by insurance or FEMA funding.
Seattle Weekly
7 days
What does it cost to attend the World Cup?
The 2026 FIFA World Cup may end up being one of the most expensive in history for fans to see all of their team’s matches.
Westside Seattle
11 days
Sound Transit Board approves updated ST3 plan, prioritizing West Seattle while Ballard faces funding gap
Sound Transit Board approves updated ST3 plan, prioritizing West Seattle while Ballard faces funding gap Off patr Thu, 05/28/2026 - 10:10pm
Seattle Weekly
11 days
Giant warehouse planned for Wild Waves property in Federal Way
The final season of the Wild Waves Theme Park is currently underway, but plans have already been filed with the city of Federal Way to turn the site into a 1 million square foot warehouse called Podium I-5.
Westside Seattle
12 days
Highland Park leaders call for immediate halt to SDOT project, citing safety risks and poor outreach
Highland Park leaders call for immediate halt to SDOT project, citing safety risks and poor outreach Off patr Wed, 05/27/2026 - 7:48pm
Seattle Weekly
12 days
Confirmed death toll rises to 2 from chemical tank blast in Longview
The death toll from the May 26 chemical tank rupture at a mill in southwest Washington has climbed to at least two people, while nine others remain “unrecovered,” according to authorities.
Seattle Weekly
12 days
Jury convicts Kent man of 17 felonies during robbery spree
A jury convicted a 26-year-old Kent man May 26 of 17 felonies related to a string of armed marijuana dispensary and bank robberies during a crime spree between December 2021 and June 2022 throughout the Puget Sound region.
Westside Seattle
12 days
Seattle neighborhoods gear up for Night Out 2026 to build safer communities
Seattle neighborhoods gear up for Night Out 2026 to build safer communities Off patr Wed, 05/27/2026 - 10:13am
Westside Seattle
13 days
Obstetrical team performs rare C-section on gorilla Olympia to deliver baby
Obstetrical team performs rare C-section on gorilla Olympia to deliver baby Off patr Tue, 05/26/2026 - 5:51pm
Westside Seattle
13 days
Westside Seattle Crime Report
Westside Seattle Crime Report Off patr Tue, 05/26/2026 - 9:01am
Seattle Weekly
14 days
Apply for federal flood assistance funds by June 10
Affected by the December floods? June 10 is the deadline to apply for federal assistance programs Federal Emergency Management Agency (FEMA) Individual Assistance, Disaster Unemployment Assistance and Small Business Administration.