NBA's Portland Trail Blazers Are Going up for Sale
Digest more
That’s the response I got in our Slack thread after floating MacKenzie Scott as a potential buyer of the Portland Trail Blazers. The NBA franchise is up for sale. The estate of late Microsoft co-founder Paul Allen made the announcement Tuesday,
Nike co-founder Phil Knight rules out buying the Portland Trail Blazers as the franchise begins a formal sale process.
“Today the Estate of Paul G. Allen is announcing the start of a formal process to sell the Portland Trail Blazers. This is an expected milestone following Paul’s death, who had directed his sports holdings to be sold with all Estate proceeds being directed to philanthropy. Please find below a statement from the Estate.”
The Portland Trail Blazers announced yesterday that the franchise would be put up for sale for only the second time in team history. This event is rarer than any save the 1977 World Championship. The Blazers have picked first in the NBA Draft,