In a move that may affect the Seattle Supersonics' comeback and the sale of the Seattle Seahawks, the Paul G. Allen Estate revealed that the NBA's Portland Trailblazers are up for sale.
In a brief statement, the Estate stated: In accordance with Allen's directive to eventually sell his sports holdings and donate all estate revenues to charitable causes, the Estate of Paul G. Allen today announced that it has officially begun the sales process for the Portland Trail Blazers NBA club.
The Estate has chosen the law firm Hogan Lovells and investment bank Allen & Company to spearhead the sales process, which is anticipated to last until the 2025–2026 basketball season. A final purchase agreement then needs to be approved by the NBA Board of Governors. Read More...