She inherited a variety of teams when her brother passed. Will she look to sell?
When longtime Portland Trail Blazers majority owner Paul Allen passed away in 2018 due to complications from his non-Hodgkin lymphoma, his younger sister Jody was named the executor and trustee of the billionaire's estate. Beyond the Blazers and several properties, that haul also included majority ownership of NFL squad the Seattle Seahawks, plus a minority stake in MLS team Seattle Sounders FC. fielded a fan question about Jody Allen's future with the franchise.
Apparently, even if Jody Allen wanted to retain a majority stake in the club, her late brother's will would preclude such a move. "The Blazers are going to be sold," Highkin asserted. "According to the terms laid out in Paul Allen’s trust, all of his assets have to eventually be sold. Some of them already have. The rest will at some point, and that includes the Blazers and Seahawks.""The timeline for the sale is still a complete mystery," Highkin revealed. "Jody Allen has never done an interview or a press conference to answer questions about this .
Why she's dragging her feet, six years into her stint as executor of the Paul Allen Trust, is a bit of a mystery. Highkin speculated that Jody Allen may have in part been holding to begin looking for bids until after the league inked its new TV broadcast rights deal. Now that that agreement is in place, for an estimated $76 billion, perhaps the hunt for a new Portland owner won't be far behind.
Are there any stipulations that mandate the team remain in Portland, or at least the Pacific Northwest? That much is unclear, but given that the team recently inked an extension to stay at its current home, Moda Center, through 2030, it seems that — at least in the short-term — the club will stay in Rip City.
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