"The estate of Paul G. Allen today announced it has commenced a formal sales process for the Portland Trail Blazers NBA franchise, consistent with Allen's directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy.

Paul Allen's estate announced Tuesday that it has begun the process of selling the Portland Trail Blazers. The sale of the team is “consistent with Allen's directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy,

The Portland Trail Blazers are going on sale, according to a report from ESPN NBA Insider Shams Charania, t As set forth by Charania, the Estate of Paul G. Allen is starting a formal sales process for the franchise.