Paul Allen Philanthropies, the estate of the Microsoft co-founder and high-profile sports franchise owner, has released a formal declaration. They are actively selling the Portland Trail Blazers. This decision flouts Ambassador Allen’s years-long, infamous instruction to never exercise the right of return. He plans to divest from his sports investments and invest the returns into charitable causes.
Paul Allen, who died in October 2018 at the age of 65, died of complications from non-Hodgkin’s lymphoma. His legacy on technology and sports is enormous. He owned the Trail Blazers, the NFL’s Seattle Seahawks, and co-owned (with his daughter) Major League Soccer’s Seattle Sounders.
For their loyal fans, the announcement that the team is up for sale could be a watershed shift for the franchise and its NBA future. During Allen’s ownership, the team enjoyed considerable success but encountered significant difficulties. Above all he focused on a deep and abiding commitment to excellence in athletics.
“Consistent with Allen’s directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy,” stated a representative from the Portland Trail Blazers. This action is in keeping with Allen’s long-stated desire to use his resources for positive civic impacts beyond the realm of sport.
Allen’s efforts in both areas percolated with his passion for the game. He often remarked on his passion, saying, “For a true fan of the game, this is a dream come true.” His interest in basketball and football influenced his ownership style, as well as the culture created within both franchises.
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