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Who Owns The Portland Trail Blazers?
So, who owns The Portland Trail Blazers? The current owner of the Trail Blazers franchise is Jody Allen, and her project management company Vulcan, Inc. She is the sister of former owner and tech mogul Paul Allen. They bought the team in 1988 for $70 million.
In 1974, Allen and his childhood friend Bill Gates co-founded Microsoft, a computer software company. Microsoft’s first product was the BASIC programming language. The company later became known for developing the MS-DOS operating system and the Microsoft Windows operating system. Microsoft went public in 1986 and made Allen and Gates billionaires.
In 2000, Allen resigned from Microsoft to focus on his other business interests. These include investing in real estate, technology startups, and professional sports teams. He is also a philanthropist and has donated millions of dollars to charitable causes.
According to Forbes, as of the 2023-2024 season, the Portland Trailblazers are worth $3.5 Billion dollars. This makes them the 24th most valuable National Basketball Association (NBA) franchise.
About The Portland Trail Blazers Franchise
The Portland Trail Blazers are an American professional basketball team based in Portland, Oregon. The Trail Blazers compete in the National Basketball Association (NBA) as a member of the league’s Western Conference Northwest Division. The franchise played its home games in Memorial Coliseum before moving to Moda Center in 1995 (called the Rose Garden until 2013).
The team has advanced to the NBA Finals three times, winning the NBA Finals once in 1977. Their other NBA Finals appearances were in 1990 and 1992. The team has qualified for the playoffs in 37 seasons of its 43-season existence.
The Blazers have had many successful players over the years, including Clyde Drexler, Bill Walton, C.J. McCollum, LaMarcus Aldridge, Terry Porter, Rasheed Wallace, and current superstar Damian Lillard.
Trail Blazer’s rivals include geographic ones like the Golden State Warriors, Los Angeles Clippers, Sacramento Kings, and Los Angeles Lakers. Others are based on history, like the Houston Rockets. And still, others are just teams that the Blazers have had some bad blood over the years, like the Utah Jazz or the Denver Nuggets.
The Trail Blazers are the only major professional sports franchise based in Portland. They have been joined by the MLS club Portland Timbers in 2011 and the NWSL club Portland Thorns FC in 2013 as the city’s only other major league franchises.
