Seahawks, Blazers not for sale at this time, chairwoman says

The NFL’s Seattle Seahawks and NBA’s Portland Trail Blazers are not at present for sale, the chairwoman of each franchises mentioned Tuesday.

Jody Allen’s assertion got here amid rising hypothesis in regards to the future possession of the groups on account of stipulations in Paul Allen’s will that referred to as for each groups to ultimately be offered and the proceeds given to philanthropic endeavors. Most of the hypothesis has centered on the way forward for the Trail Blazers.

“As chair of each the Portland Trail Blazers and Seattle Seahawks, my long-term focus is constructing championship groups that our communities are pleased with,” Jody Allen mentioned in her assertion. “Like my brother Paul, I belief and anticipate our leaders and coaches to construct profitable groups that ship outcomes on and off the court docket and area. As we’ve said earlier than, neither of the groups is for sale and there aren’t any gross sales discussions taking place.”

Allen has overseen each groups since her brother died in 2018 and is the trustee for his property. She acknowledged the groups will ultimately be put up for sale however mentioned there is no such thing as a set timeline.

“A time will come when that adjustments given Paul’s plans to dedicate the overwhelming majority of his wealth to philanthropy, however estates of this measurement and complexity can take 10 to twenty years to wind down. There isn’t any pre-ordained timeline however which the groups should be offered,” Allen mentioned.

Paul Allen bought the Trail Blazers in 1988 and acquired the Seahawks in 1997 to assist maintain the NFL franchise in his hometown. He additionally had a minority stake within the Seattle Sounders of MLS.

Reporting by The Associated Press.