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The Estate of Paul G. Allen has commenced the sales process for the Portland Trail Blazers franchise, the Trail Blazers announced.
Here’s a release from the Blazers:
> The Estate of Paul G. Allen 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.
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> The estate has selected investment bank Allen & Company and Law Firm Hogan Lovells to lead the sales process, which is estimated to continue into the 2025-26 basketball season. The NBA Board of Governors must then ratify a final purchase agreement.
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> This news does not affect the [Seattle Seahawks](https://www.fieldgulls.com/) NFL franchise or the estate’s 25% interest in the Seattle Sounders MLS, and neither is for sale.
Blazer’s Edge will have more updates as they come.