Trail Blazers Announce Team Is For Sale

Photo: Ford, Brad

The Portland Trail Blazers have announced the team is for sale.

Former owner Paul Allen gave a directive, before he died, to sell his sports holdings and direct all estate proceeds to philanthropy.

A law firm has been selected to manage the sale, which is estimated to continue into the 2025-26 basketball season.

The NBA board of governors must then ratify a final purchase agreement.

This does not include the Seattle Seahawks.


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