The estate of Paul Allen, co-founder of Microsoft, has commenced the sale of the Portland Trail Blazers as part of his directive to sell sports holdings and allocate estate proceeds to philanthropic efforts. Since Allen's passing in 2018, this move aligns with his vision of prioritizing charitable initiatives. Allen purchased the Trail Blazers in 1988, emphasizing that owning the team was a dream for him as a dedicated basketball fan. Along with the Trail Blazers, Allen's portfolio included ownership stakes in the Seattle Seahawks and the Seattle Sounders.
Paul Allen's estate is now in the process of selling the Portland Trail Blazers, aligning with his wish to focus on philanthropy through the estate's proceeds.
Allen bought the Trail Blazers in 1988 and viewed owning the team as a dream come true for a passionate basketball fan.
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