The NBA’s Portland Trail Blazers are going up for sale

By Canadian Press on May 13, 2025.

PORTLAND, Ore. (AP) — Paul Allen’s estate announced Tuesday that it has begun the process of selling the Portland Trail Blazers.

The sale of the team is “consistent with Allen’s directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy,” the Trail Blazers said in a statement.

Allen, the billionaire co-founder of Microsoft, died in 2018 at age 65 from complications of non-Hodgkin’s lymphoma.

Allen was also owner of the Seattle Seahawks and co-owner of Major League Soccer’s Seattle Sounders.

He bought the Trail Blazers in 1988, telling the The Associated Press at the time that “for a true fan of the game, this is a dream come true.”

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AP NBA: https://apnews.com/hub/NBA

Anne M. Peterson, The Associated Press