In October 2018, Paul Allen died, leaving behind a franchise of Blazers which he had owned since 1988. Five years later, the Oregon-based team has still not left the family fold even though the former manager’s will stipulated that its assets, including the NBA franchise, would be sold when he died.
The sale of the club, managed since its disappearance by his sister Jody, therefore seems inevitable in the medium term. The league’s position on the issue? “ The board did not discuss the possibility of selling the team », retorts Adam Silver today, interviewed by the Wall Street Journal. The league, despite the passage of time, should therefore not intervene to speed up or force things in this matter.
“ And obviously the notion of ‘reasonable time’ is subject to interpretation. In the case of Paul Allen’s estate, it is one of the largest estates in U.S. history, and his assets are extremely complex. I have spoken directly to Jody Allen, his sister and the administrator of his estate, and they are working on these issues while continuing to operate the frontline team », Develops the boss of the league.
Patience is therefore required in this matter as the creator of Nike, Phil Knight, has been very aggressive in recent months in trying to buy the Blazers.
There was then talk of an offer of more than two billion dollars, with promises to keep the franchise in Portland, to renovate the Moda Center and to revitalize the entire surrounding neighborhood. Without success so far.
