The ownership of the Portland Trailblazers shared a shocking development.
Paul G. Allen Estate, who has Jody Allen as its chairwoman, unveils intent to sell the Portland Trailblazers.
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ESPN’s Shams Charania reported the news Tuesday as the Estate also the Seattle Seahawks.
Estate of Paul G. Allen is starting a formal sales process for the Portland Trail Blazers, sources tell ESPN. Allen & Co and law firm Hogan Lovells leads sales process, is estimated to continue into 2025-26, with all Estate proceeds going to philanthropy, per Paul’s wishes. pic.twitter.com/VmRl6NZHLf
— Shams Charania (@ShamsCharania) May 13, 2025
Trail Blazers sales process is beginning with a formal announcement today – and all money from the sale will go to philanthropic efforts as Paul Allen desired. https://t.co/6kUVWaJj01
— Shams Charania (@ShamsCharania) May 13, 2025
According to Charania, Allen and company and law firm Hogan Lovells lead the sales process and this is estimated to continue to 2025-26. Paul Allen, who died in 2018, wanted all the proceeds from the Estate going to philanthropy as his wish.
Portland recently agreed to a multi-year contract extension with Chauncey Billups as its head coach on April 13. The Trailblazers have good players, including Scoot Henderson, Deandre Ayton, and Anfernee Simons. Portland looks to continue building to have a competitive chance in the league. We will see who ultimately becomes the suitor to buy the Trailblazers.
Portland has one NBA Championship (1977), three conference titles, and six division titles under Allen and company.
Stephen M. Smith is a writer for Ball Exclusives. You can follow him on X via @CoachingMSmith.
