current location:HOME > Sports News > Tennis Life > Text content

Blazers president addresses the franchise's status: 'The team is not for sale' / News - Basketnews.com

nqajqrqw9months ago (05-17)Tennis Life111
Credit: AP Photo/Craig Mitchelldyer Credit AP Photo/Craig Mitchelldyer

Jody Allen, Chair of the Portland Trail Blazers and Seattle Seahawks, Trustee of the Paul G. Allen Trust, issued a strong statement, making clear that she won't be selling either team any time soon.

Points this season

Portland Trail Blazers44%106,2NBAPoints made:106,2Accuracy:44,3%Place in standings:27Record max:136Record min:78Best scorer:Anfernee SimonsTeamNBAStatisticsSchedule

"As we've stated before, neither of the teams is for sale and there are no sales discussions happening," the statement read.

"A time will come when that changes given Paul's plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can takes 10 to 20 years to wind down," the statement continued.

After owner Paul Allen’s death in 2018 at the age of 65, his sister Jody took control of the franchise and has been running it ever since. According to her statement, she eventually will turn her brother’s wealth into philanthropy, but there is no current intentions to sell the Blazers or the Seattle Seahawks, to which she also holds a stake in ownership.

Like what we are doing? Support us by becoming BN+ member.
Share with friends:

“Blazers president addresses the franchise's status: 'The team is not for sale' / News - Basketnews.com” ofrelated articles

Tennis: ATP, WTA& Grand Slams and in Premium Tour talks but what role will Saudi Arabia play?

Tennis: ATP, WTA& Grand Slams and in Premium Tour talks but what role will Saudi Arabia play?

What lies in store for tennis' revamped future?Image source, Getty ImagesImage caption, Saudi Arabia already hosts the Next Gen ATP FinalsRussell Full...

J.B. Bickerstaff reacts to rumors about his future with Cavaliers / News - Basketnews.com

J.B. Bickerstaff reacts to rumors about his future with Cavaliers / News - Basketnews.com

After their playoff exit, Cleveland Cavaliers coach J.B. Bickerstaff said that he hasn't heard anything official regarding his future with the team....

Bogdan Bogdanovic reveals EuroLeague team he watched the most this season / News - Basketnews.com

Bogdan Bogdanovic reveals EuroLeague team he watched the most this season / News - Basketnews.com

Bogdan Bogdanovic, despite his NBA commitments, focuses on Baskonia Vitoria-Gasteiz and his fellow Serbian player Vanja Marinkovic....

PAO director reveals Final Four ticket numbers, talks All-EuroLeague / News - Basketnews.com

PAO director reveals Final Four ticket numbers, talks All-EuroLeague / News - Basketnews.com

More than 30,000 Panathinaikos fans applied for Final Four tickets, the club's executive Dimitris Kontos revealed....

2024 NBA Draft order revealed / News - Basketnews.com

2024 NBA Draft order revealed / News - Basketnews.com

The Atlanta Hawks will choose with the No. 1 pick in the 2024 NBA Draft. The Washington Wizards got the 2nd pick, Houston Rockets - 3rd, San Antonio S...

Dereck Lively on making crucial free throws vs. OKC: 'I know my momma got me' / News - Basketnews.com

Dereck Lively on making crucial free throws vs. OKC: 'I know my momma got me' / News - Basketnews.com

Dallas Mavericks big man Dereck Lively explained how he made crucial free throws against the Oklahoma City Thunder in a Game 3 win....