Paul Allen Estate Begins Sale Process for Portland Trail Blazers, Seahawks Retained

The estate of Paul Allen has officially commenced the sale process for the NBA's Portland Trail Blazers, in accordance with Allen's directive to eventually sell his sports holdings and direct all proceeds to philanthropy. However, the Seattle Seahawks and the estate’s 25% stake in the Seattle Sounders are not currently for sale, with Jody Allen continuing to manage those holdings without a set timeline for their sale. The Blazers' sale process is expected to continue into the 2025-26 NBA season and requires approval by the NBA Board of Governors. Paul Allen purchased the Trail Blazers in 1988 and the Seahawks in 1997, notably preventing the Seahawks from relocating out of Seattle. The estate’s decision to sell the Trail Blazers could influence the NBA’s potential expansion plans, including a possible return to Seattle, but the sale of the Seahawks will not be pursued until after the Trail Blazers' transaction is complete. Overall, while the Trail Blazers are on the market, the Seahawks remain off-limits, reflecting a phased approach to managing Paul Allen’s sports legacy.