Portland Trail Blazers Sale Expected to Exceed $3 Billion, Future Ownership Uncertain

The Portland Trail Blazers are officially for sale by the Paul G. Allen estate, fulfilling Allen's wishes to liquidate his assets for philanthropy following his death in 2018. While the sale process is expected to take months or possibly extend into the 2025-26 NBA season, no formal updates have been released yet. Current improvements to the Moda Center, such as videoboard upgrades, will continue, but major renovations are unlikely to start before the sale is completed, with future projects expected to be pursued by the new owner. Despite speculation, notable local figures like Nike co-founder Phil Knight have declined interest in purchasing the team, and potential buyers with strong ties to Portland, such as the Bhathal family, are considered attractive candidates by the NBA. The franchise, valued at over $3 billion, could attract wealthy bidders, although concerns about possible relocation to cities like Las Vegas or Seattle persist. The estate, chaired by Allen's sister Jody Allen, has demonstrated patience in seeking the best offer, having previously rejected a $2 billion bid from Knight, reflecting a desire to find an owner committed to keeping the team in Portland.