In alignment with the late Paul Allen’s directive, all proceeds from the sale of the Portland Trail Blazers will go to philanthropic endeavors.

“Today the Estate of Paul G. Allen is announcing the start of a formal process to sell the Portland Trail Blazers. This is an expected milestone following Paul’s death, who had directed his sports holdings to be sold with all Estate proceeds being directed to philanthropy. Please find below a statement from the Estate.”

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.