The Portland Trail Blazers are now officially for sale, as the team announced on Tuesday morning that the estate of Paul Allen was beginning the formal sales process for the franchise.  "The estate of Paul G.

Estate of Paul G. Allen is starting a formal sales process for the Portland Trail Blazers, sources tell ESPN. Allen & Co and law firm Hogan Lovells leads sales process, is estimated to continue into 2025-26, with all Estate proceeds going to philanthropy, per Paul’s wishes. pic.twitter.com/VmRl6NZHLf

Paul Allen's estate announced Tuesday that it has begun the process of selling the Portland Trail Blazers. The sale of the team is “consistent with Allen's directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy,