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Allen purchased the Portland Trail Blazers NBA team in 1988 from California real estate developer Larry Weinberg for $70 million. [6] He was instrumental in the development and funding of the Moda Center (previously known as the Rose Garden), the arena where the Blazers play. He purchased the arena on April 2, 2007, and stated that this was a ...
Paul Allen owned the Trail Blazers until his death in 2018. This is a list of Portland Trail Blazers ... Year Principal Owner Others Notes 1970–1975: Herman Sarkowsky
The Trail Blazers play their home games in the Moda Center, a multipurpose arena which is located in Portland's Rose Quarter, northeast of downtown. The Moda Center, originally named the Rose Garden, opened in 1995 and can seat a total of 19,980 spectators for basketball games; capacity increases to 20,580 with standing room . [ 192 ]
Paul Allen, a co-founder of Microsoft and owner of the NFL's Seattle Seahawks and NBA's Portland Trail Blazers has died at 65 from complications of non-Hodgkin’s lymphoma.
The Portland Trail Blazers are a professional basketball team in the Western Conference of the National Basketball Association. The Trail Blazers are currently celebrating their 50th NBA season. The franchise owner is Jody Allen, who assumed ownership upon the death of her brother Microsoft co-founder and Vulcan Inc. chairman Paul Allen, in 2018.
Jo Lynn "Jody" Allen (born February 3, 1959) is an American businesswoman, entrepreneur, and philanthropist. She is the younger sister of Microsoft co-founder Paul Allen, and served as the chief executive officer of his investment and project management company, Vulcan Inc., from its founding in 1986 until 2015.
In 1970, Weinberg, Herman Sarkowsky, and Robert Schmertz paid $3.7 million to secure an NBA expansion team for Portland. [3] Weinberg became president of the Trail Blazers in 1975, replacing Sarkowsky, who turned his attention to the NFL's fledgling Seattle Seahawks. Two years later, the Trail Blazers won an NBA championship.
Portland has recorded three consecutive trips to the postseason while riding a streak of 159 consecutive sellouts dating back to December 21, 2007. Also during his tenure, the Trail Blazers have made significant strides to becoming a leader in sustainability among professional sports franchises.