Portland Trailblazers being put up for sale. Are the Seahawks soon to follow?

[Sibelius Hindemith]

Well, i don't know...

https://www.foxsports.com/articles/nba/ ... p-for-sale

[Michael K.]

https://www.seattletimes.com/sports/sea ... subscriber

The Portland Trail Blazers, owned since 2018 by Jody Allen after the death of her brother Paul, are for sale, the team announced in a statement Tuesday morning.

But the Seattle Seahawks, which Allen also owns, are not.

“This news does not affect the Seattle Seahawks NFL franchise or the estate’s 25% interest in the Seattle Sounders MLS, and neither is for sale.”

In May, a clause in the terms of the 1997 referendum that funded the building of Lumen Field that would require Allen to hand over 10% if the team were sold to the state of Washington will no longer be in effect. It was often reported as 2024, but a source confirmed 2025 is the actual date.

Tuesday’s statement puts to rest for now any speculation that date might spur a sale.

Paul Allen bought the Trail Blazers in 1988. He purchased the Seahawks in 1997, buying them from Ken Behring, who had attempted to move the team to southern California the year before.

Allen died in October, 2018, which led to speculation about the future of each franchise. Jody Allen released a statement in July, 2022, that neither team was for sale.

The Trail Blazers’ statement Tuesday stated that the team has “commenced a formal sales process” for the Blazers that is “consistent with Allen’s directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy.”

The statement said the estate has selected the investment bank Allen & Company and law form Hogan Lovells to lead the sales process, “which is expected to continue into the 2025-26 basketball season.’’ The sale would have to be approved by the NBA Board of Governors.

Upon the death of Paul Allen, Jody Allen officially took the title of team chair with the Seahawks.

While she has made no public statements about the Seahawks, she has been involved behind the scenes, attending NFL league meetings earlier this spring and was shown in pictures in the team’s draft room during the NFL draft last month.

Seahawks general manager John Schneider said she was an active participant as the team made major moves this offseason, notably the trades of quarterback Geno Smith and receiver DK Metcalf.

“We get with her ahead of time like, ‘This is the game plan,’” Schneider said. “… We have to let her know. We have Zooms with her a bunch, (saying): ‘OK, this may be coming, this may be coming. These are alternatives, this is A, B and C, this is what it looks like and it might go quick.’”

Forbes assessed the Seahawks as worth $5.45 billion in August 2024, 15th among NFL teams.

That’s a staggering increase from the $194 million Paul Allen bought the team for in 1997, a 9% increase from the year before and part of a 13% overall annual increase, according to Forbes.

Jody Allen said in 2022: “A time will come when that changes given Paul’s plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can take 10 to 20 years to wind down. There is no preordained timeline by which the teams must be sold.

“Until then, my focus — and that of our teams — is on winning.”

Bob Condotta: bcondotta@seattletimes.com. Bob Condotta covers the Seahawks for the Seattle Times. He provides daily coverage of the team throughout the year.

[Captain 97]

NBA is also going to be officially discussing expansion at their upcoming meetings. Sonics could finally be on their way back.

https://www.seattletimes.com/sports/son ... is-summer/

[Donn Beach]

NBA is also going to be officially discussing expansion at their upcoming meetings. Sonics could finally be on their way back.

https://www.seattletimes.com/sports/son ... is-summer/

I read that's been postponed, can't remember what the reason was, maybe I'll check

The trailblazers and Seahawks really aren't comparable. One pretty major point is Jody is disliked in Portland. She's seen as a carpetbagger, there's been calls for her to sell. Phil knight is the popular proposed buyer.

It could be with the Pete Carroll era over she might see it as an appropriate time to sell. Pete really was the identity of the Paul Allen ownership. I think Pete and Paul were pretty close

[D-train]

Remember a few years ago when that clown John carzano said the sale the Hawks was imminent. And everyone acted like it was gospel. Lol

[D-train]

NBA is also going to be officially discussing expansion at their upcoming meetings. Sonics could finally be on their way back.

https://www.seattletimes.com/sports/son ... is-summer/

I listen to silver talk about it. First of all they haven't even decided to expand. Second of all he mentioned there were several cities interested. He said they haven't even started the process yet. Or decided what the process will look like.

I predict that if they do decide and they do choose Seattle we're looking at 2028 so it's 20-year absence.

[D-train]

I also predict it will be just like hockey. Everybody's excited initially and then it just becomes a anticlimactic buzz kill when they realize The NBA is a shitshow and realize it's not Kemp and Payton and Durant and Detlef returning like they were being held hostage in Siberia all this time.

[D-train]

NBA is also going to be officially discussing expansion at their upcoming meetings. Sonics could finally be on their way back.

https://www.seattletimes.com/sports/son ... is-summer/

I read that's been postponed, can't remember what the reason was, maybe I'll check

The trailblazers and Seahawks really aren't comparable. One pretty major point is Jody is disliked in Portland. She's seen as a carpetbagger, there's been calls for her to sell. Phil knight is the popular proposed buyer.

It could be with the Pete Carroll era over she might see it as an appropriate time to sell. Pete really was the identity of the Paul Allen ownership. I think Pete and Paul were pretty close

It's been delayed for like 5 years there's always something that comes up that they need to get accomplished first. If there was significant demand by the owners to expand it would have happened already. Not saying it isn't going to happen but a very possible it doesn't happen too.

[Donn Beach]

Guess I was wrong, wow, that hardly ever happens.

Adam Silver: Adam Silver said the NBA will start a “formal process” to consider expansion this summer, but is modeling it now and “looking hard at it.” Silver, on the Pat McAfee Show: “I don’t want to say it’s a foregone conclusion we’re going to expand but I also think over time organizations tend to grow

[Captain 97]

Guess I was wrong, wow, that hardly ever happens.

Adam Silver: Adam Silver said the NBA will start a “formal process” to consider expansion this summer, but is modeling it now and “looking hard at it.” Silver, on the Pat McAfee Show: “I don’t want to say it’s a foregone conclusion we’re going to expand but I also think over time organizations tend to grow

You could have just read the link I posted