On May 13, 2025, the Paul G. Allen Estate announced the sale of the Portland Trail Blazers, marking a significant transition to focus assets on philanthropy. The estate mentioned that investment bank Allen & Company and law firm Hogan Lovells will manage the sales process, anticipated to last into the 2025-26 season, pending NBA approval. This news follows the team's recent acquisition of the 11th draft pick in the NBA lottery, highlighting a dynamic offseason for the Blazers which fans hope will lead to playoff contention.
The Estate of Paul G. Allen today announced it has commenced a formal sales process for the Portland Trail Blazers NBA franchise, consistent with Allen's directive to eventually sell his sports holdings and direct all Estate proceeds to philanthropy.
The NBA Board of Governors must then ratify a final purchase agreement.
This news came one day after the NBA draft lottery in which the Blazers secured the 11th draft pick for the 25/26 season.
Now that the stuffy news has been covered, who wants to go in on buying the 'Zers?? This is our chance folks!
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