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Bloomberg News: Billionaires May Get ‘Highly Unusual’ Shot at Paul Allen's Teams

October 16, 2018

Analysts expect that Paul Allen’s two sports team franchises, the Portland Trail Blazers and the Seattle Seahawks, will be sold following his recent death. “It’s highly unusual for two marquee teams in two of the hottest leagues to come to market at the same time,” O’Melveny’s sports group co-chair Chuck Baker commented. “Given the scarcity value, coupled with labor peace, strong sponsor economics and upward trending television ratings, both the demand and price should be high.” To read the full article, click here.