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Microsoft cofounder Paul Allen owned 2 pro sports teams before he died in 2018. Rumors are swirling about their fate — and now Nike's founder could pay $2 billion to own one of them.
Microsoft cofounder Paul Allen owned 2 pro sports teams before he died in 2018. Rumors are swirling about their fate — and now Nike's founder could pay $2 billion to own one of them.
Avery HartmansJun 5, 2022, 20:11 IST
Portland Trail Blazers owner Paul Allen during the second half of an NBA basketball game against the Golden State Warriors in January 2017.Marcio Jose Sanchez/AP
Speculation is mounting that late Microsoft cofounder Paul Allen's pro sports teams could be sold.
Nike founder Phil Knight already submitted a $2 billion bid for the Portland Trail Blazers.
While much of it has been sold in the years since, two expensive — and high-profile — holdings remain: the NBA' Portland Trail Blazers and the NFL' Seattle Seahawks.
The fates of Allen's pro sports teams have been unclear since his death, when his trust passed into the hands of his sister, Jody Allen. Jody Allen hasn't given a single interview in the intervening years, which means there are few clues about the future of the two teams.
But speculation is mounting that both teams could be sold off to fulfill the terms of Paul Allen's estate, and sold off in the near future. With both teams valued at or above $2 billion, there's a small pool of moguls wealthy enough to submit a bid — and one famous exec has already made an offer.
Here's what we know about Allen's estate, and the future of his teams.
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Allen made his fortune building Microsoft with Bill Gates
Ann E. Yow-Dyson/Getty Images
He bought the Portland Trail Blazers in 1988
Portland Trail Blazers center J.J. Hickson, left, and Atlanta Hawks forward Al Horford battle for the ball as team owner Paul Allen looks on in the background.Don Ryan/AP
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Allen picked up the Seattle Seahawks in 1996
Seattle Seahawks owner Paul Allen lifts the Vince Lombardi trophy after the team won the Super Bowl in 2014.Ted S. Warren/AP
Allen died in 2018 and his assets have slowly been sold off
Seattle Seahawks owner Paul Allen before a game against the San Francisco 49ers in 2010.Elaine Thompson/AP
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The rest of Allen's trust now needs to be sold, according to reports
A makeshift memorial for Portland Trail Blazers' owner Paul Allen outside the team's arena in 2018.Jaime Valdez-USA TODAY Sports/Reuters
The Blazers say they're not for sale — but the team already has one high-profile offer
Christian Petersen/Getty Images
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The future of Allen's two teams is unclear, but we could see major sales in the future
Seattle Seahawks owner Paul Allen waves as he is honored for his 20 years of team ownership in September 2017.Elaine Thompson/AP