The Portland Trail Blazers are officially on the market, as Paul G. Allen’s estate has initiated a formal sales process, according to a report from NBA insider Shams Charania.
Allen & Company and the law firm Hogan Lovells are handling the transaction, which is expected to extend into the 2025–26 NBA season.
All proceeds from the eventual sale will be directed toward philanthropic efforts, aligning with Paul Allen’s long-stated wishes prior to his passing in 2018.
The announcement marks the beginning of a new era for Portland’s only major professional sports franchise, which has been owned by Allen’s estate since his death.
Allen purchased the Trail Blazers in 1988 and oversaw multiple playoff runs, including the team’s trip to the Western Conference Finals in 1990, 1992, and 2000.
Despite recent on-court struggles—the Blazers finished the 2024–25 season at 36–46 and missed the playoffs for the third straight year—the franchise remains one of the NBA’s most historically significant.
Founded in 1970, the Trail Blazers won their only NBA championship in 1977 and have made the postseason in 37 of their 54 seasons, the fourth-highest total in the league.
The team has been home to Hall of Fame players including Bill Walton, Clyde Drexler, and Arvydas Sabonis, as well as award-winning rookies like Damian Lillard and Brandon Roy.
The sale is expected to draw interest from both local and out-of-state investors, with the franchise’s status as the NBA’s lone Pacific Northwest team adding unique market value.
