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4mo ago

Paul Allen Estate Officially Begins Sale of Portland Trail Blazers

Proceeds from the sale will fund philanthropic initiatives as directed by the late Microsoft co-founder.

Image
Apr 13, 2025; Portland, Oregon, USA; Portland Trail Blazers head coach Chauncey Billups (middle) shares a moment with Portland Trail Blazers center Duop Reath (26) (left) and Portland Trail Blazers guard Anfernee Simons (1) before the Portland Trail Blazers play Los Angeles Lakers at Moda Center. Mandatory Credit: Jaime Valdez-Imagn Images/File Photo
A general view of the Portland Trail Blazers logo at Moda Center on January 16, 2021 in Portland, Oregon.

Overview

  • The Paul G. Allen Estate has formally launched the sales process for the Portland Trail Blazers, effective May 13, 2025.
  • The sale is being managed by Allen & Company and Hogan Lovells, with completion expected during the 2025–26 NBA season.
  • NBA Board of Governors' approval is required to finalize the transaction.
  • All proceeds from the sale will go toward charitable causes, in line with Paul Allen's philanthropic vision.
  • Paul Allen, who purchased the team in 1988, passed away in 2018, leaving ownership to his sister, Jody Allen.