The Portland Trail Blazers and Seattle Seahawks will be searching for a new owner soon, according to John Canzano.
For decades, the Seattle Seahawks and the Portland Trail Blazers enjoyed a high level of stable ownership from Paul Allen. The Microsoft co-founder passed away in 2018.
Following his demise, the Seahawks and the Trail Blazers’ ownership became the responsibility of the Paul G. Allen Trust. This is managed by Paul’s sister, Jody Allen.
“Paul directed that the trust be liquidated upon his death and the assets used to fund his passion projects. None of this is up in the air. The instructions are clear: The sports franchises and everything in the trust must be sold.”
Canzano recently said on an appearance on 93.3 KJR Seattle Radio the Trail Blazers will likely be sold using the same auction house facilitating the sale of the Denver Broncos within a year.
“I believe that the Blazers and Seahawks will both be auctioned off,” Canzano said on his recent radio appearance on 93.3 KJR in Seattle. “I believe the Blazers will go first.”
The same auction house that is running the Denver Broncos is running the Blazers sale, and after the Broncos are sold, focus will shift towards the Blazers in “6 to 12 months,” Canzano said.
Canzano also believes that Jody Allen is saving the Seahawks for last, as she is trying to maintain a way to keep a piece of the ownership.