Trail Blazers Officially Announce They’re Up For Sale

750 The Game Staff The Portland Trail Blazers officially announced Tuesday that the franchise is up for...

Trail Blazers Officially Announce They’re Up For Sale

PORTLAND, OREGON - APRIL 13: General manager Joe Cronin (L) and owner Jody Allen of the Portland Trail Blazers look on before the game against the Los Angeles Lakers at Moda Center on April 13, 2025 in Portland, Oregon. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Soobum Im/Getty Images)

750 The Game Staff

The Portland Trail Blazers officially announced Tuesday that the franchise is up for sale.

pic.twitter.com/V7T2dViTYI

— Portland Trail Blazers (@trailblazers) May 13, 2025

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

— Shams Charania (@ShamsCharania) May 13, 2025

Microsoft co-founder Paul Allen bought the Portland Trail Blazers for $70M in 1988 when he was just 35 years old.

Allen, who died in 2018, said buying the team was “a dream come true.”

Now, his estate is exploring a sale of the franchise—currently worth an estimated $3.5B. pic.twitter.com/vjRrGgS2EO

— Front Office Sports (@FOS) May 13, 2025

Trail Blazers sales process is beginning with a formal announcement today – and all money from the sale will go to philanthropic efforts as Paul Allen desired. https://t.co/6kUVWaJj01

— Shams Charania (@ShamsCharania) May 13, 2025

The Portland Trail Blazers have hired a bank to begin the long-expected process of selling the team@Sportico values the Trail Blazers at $3.6 billion pic.twitter.com/wb66NWRZ0Z

— Lev Akabas (@LevAkabas) May 13, 2025