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The Portland Trail Blazers are set to start a formal sales process on Tuesday.
ESPN’s Shams Charania was the first to report.

Photo by Abbie Parr/Getty Images
“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,” Charania wrote.
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
The Trail Blazers’ current owner, Jody Allen, inherited the team in 2018 after the death of her brother, Microsoft co-founder Paul Allen.
This story will be updated….