Paul Allen: Trail Blazers not for sale

Associated Press  |  Last updated May 09, 2012
Paul Allen insists he's not going to sell the Portland Trail Blazers, but says this season is the most disappointing he's had in 24 years as the team's owner. The billionaire co-founder of Microsoft has posted an open letter to fans on the Blazers' team website. He reiterates what he's said all season long, that the team is not for sale. He says he has not received any offers, and that none have been solicited. The Blazers wrapped up the lockout-shortened season 28-38 and out of the playoffs. The team is operating with an interim general manager and is looking for a head coach. But Portland has collected up to four picks in the upcoming NBA draft, and made moves this season to free up cap space for free agency.
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