The Portland Trail Blazers are for sale. The Trail Blazers finished the 2024-25 NBA regular season with a 109-81 win over the Los Angeles Lakers at the Moda Center on April 13. The Trail Blazers’ win excited the home crowd, despite the fact the season finale ensured nothing more than bragging rights. The Trail Blazers can only look forward to the future. Here’s the latest on the sale of the Trail Blazers.
Portland Trail Blazers Are For Sale
ESPN’s Shams Charania posted on X, formerly Twitter, “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’s post attracted ample attention from users. A user with the username, Fat Kid Deals, wrote, “TIME TO HANG A BANNER” and attached a picture of a Trail Blazers banner with the words, “Jody Sold the Team. 2026.” Another user, the West Coast League’s Portland Pickles, wrote, “BREAKING: The Portland Pickles have emerged as serious contenders to bid for the Trail Blazers.”
Portland Trail Blazers Outlook
The Portland Trail Blazers have no choice but to look forward to the 2025-26 NBA season and beyond. The Trail Blazers received the No. 11 pick during the 2025 NBA Draft Lottery in Chicago Monday night. The Trail Blazers would’ve won the Draft Lottery if the last ball had been 6. Now, Portland’s focus shifts to evaluating prospects at No. 11. Or exploring potential trade options.
Portland might look at these players in the 2025 NBA Draft in Brooklyn from June 25-26: Jeremiah Fears, Tre Johnson, Kasparas Jakucionis, Khaman Malauch, Kon Knueppel, Derik Queen, Collin Murray-Boyles, Egor Demin, Jase Richardson, Carter Bryant, Noa Essengue, and Liam McNeeley. Since the Trail Blazers hold a later lottery pick, a trade remains on the table.
Final Thoughts
Microsoft co-founder Paul Allen loved owning the Portland Trail Blazers, but he had a global perspective on what he wanted from the team after his death. His will called for the team to eventually be sold and all the money put into charitable efforts. The process began on Tuesday, a long time coming, as the exact timing was always questionable. Allen died from non-Hodgkin Lymphoma on October 15, 2018, at the age of 65.
According to CNBC, the Trail Blazers are worth $3.65 billion. CNBC’s NBA franchise valuations list also listed the Boston Celtics’ worth at $5.5 billion, but the Celtics were sold to STG Partners, LLC’s Bill Chisholm and partners for $6.1 billion. The Celtics’ sale price might or might not impact the Trail Blazers’ sale price, but one thing is certain: The Trail Blazers won’t relocate anytime soon.
