Jody Allen: Seahawks, Blazers not for sale at this time

The NFL’s Seattle Seahawks and NBA’s Portland Trail Blazers are currently not for sale, the president of both franchises said Tuesday.

Jody Allen’s statement came amid growing speculation over the teams’ future ownership due to stipulations in Paul Allen’s will which provided for both teams to be eventually sold and the proceeds to be donated to philanthropic endeavours. Most speculation has focused on the future of the Trail Blazers.

“As president of the Portland Trail Blazers and Seattle Seahawks, my long-term goal is to build championship teams that our communities are proud of,” Jody Allen said in her statement. “Like my brother Paul, I trust our leaders and coaches and expect them to build winning teams that deliver results on and off the pitch and pitch. As we’ve said before, none of the teams are for sale and there are no ongoing sales discussions.”

Allen has overseen both teams since his brother’s death in 2018 and is his estate trustee. She acknowledged the teams will eventually go on sale, but said there was no set timeline.

“A time will come when that will change given Paul’s plans to devote the vast majority of his wealth to philanthropy, but estates of this size and complexity can take 10-20 years to complete. There is no set schedule but the teams have to be sold,” Allen said.

Paul Allen bought the Trail Blazers in 1988 and the Seahawks in 1997 to help keep the NFL franchise in his hometown. He also held a minority stake in the Seattle Sounders of MLS.

___

More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL



Source link

Sandy A. Greer