Jody Allen denies the Blazers are for sale

The current majority owner of the Portland Trail Blazers, Jody Allen, has shared an official statement in which she categorically denies that she is negotiating the sale of the franchise, as well as her interest in getting rid of it in the short term.

“As president of both the Portland Trail Blazers and the Seattle Seahawks, my long-term focus is on building champion teams that our communities are proud of,” Allen said. “Like my brother Paul, I trust and hope that our leaders and coaches build winning teams that deliver results on and off the court and field. As I said before, none of the teams are for sale and there is no negotiation about it.

“There will come a time when that will change given Paul’s plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can take ten to twenty years to develop.” liquidate. There is no pre-established schedule in which the equipment must be sold.”

After the former owner of the Blazers, Paul Allen, passed away in October 2018, his sister, Jody Allen, has been in charge of taking the reins of the franchise. During the last year, various rumors have been shared about its potential sale, which reached their peak in early June, when the journalist from ESPNAdrian Wojnarowski, revealed that Nike co-founder Phil Knight and Dodgers co-owner Alan Smolinisky had put in a firm buyout offer for the Portland Trail Blazers for around $2 billion.

Thus, this statement by Jody Allen states that, at least for now, the Blazers will not change hands.

(Cover photo by Abbie Parr/Getty Images)

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