The NBA’s Portland Trail Blazers and the NFL’s Seattle Seahawks are linked through common ownership by the estate of Paul Allen. In the past, denials regarding the possibility that one was for sale typically came with a denial that the other was not for sale, too.
That has now changed.
The Trail Blazers have announced that a formal sales process has commenced.
The statement concludes by explaining that this development “does not affect the Seattle Seahawks franchise.”
Nearly two years ago, amid rumors that Nike founder Phil Knight and real-estate investor Alan Smolinisky were attempting to buy the Trail Blazers, a Vulcan Inc.