JOURNAL ARTICLE

Paul Allen's Estate Puts NBA's Portland Trail Blazers Up for Sale.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The estate of Paul Allen, co-founder of Microsoft Corp., has put the NBA's Portland Trail Blazers up for sale. The team has hired investment bank Allen & Co. and law firm Hogan Lovells to manage the sale process. Allen's wish was for the proceeds from the sale of his sports assets to go to charity, with his ownership of the NFL's Seattle Seahawks and a stake in the Seattle Sounders not included in the sale. The sale of the Trail Blazers could impact the NBA's expansion plans, potentially delaying the awarding of franchises to cities like Las Vegas and Seattle. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:185135630
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