The NFL’s Seattle Seahawks and NBA’s Portland Path Blazers are usually not at the moment on the market, 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 known as for each groups to ultimately be bought and the proceeds given to philanthropic endeavors. A lot of the hypothesis has centered on the way forward for the Path Blazers.
"As chair of each the Portland Path Blazers and Seattle Seahawks, my long-term focus is constructing championship groups that our communities are happy with," Jody Allen mentioned in her assertion. "Like my brother Paul, I belief and count on our leaders and coaches to construct successful groups that ship outcomes on and off the court docket and subject. As we’ve said earlier than, neither of the groups is on the market and there aren't any gross sales discussions occurring."
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 on the market however mentioned there isn't any 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 have to be bought," Allen mentioned.
Paul Allen bought the Path Blazers in 1988 and purchased the Seahawks in 1997 to assist hold the NFL franchise in his hometown. He additionally had a minority stake within the Seattle Sounders of MLS.
Reporting by The Related Press.
