Editing Paul Allen (section)

====Portland Trail Blazers====
{{Main|Portland Trail Blazers}}
Allen purchased the Portland Trail Blazers NBA team in 1988 from California real estate developer [[Larry Weinberg (businessman)|Larry Weinberg]] for $70&nbsp;million.<ref name="trailblazers">{{cite web|access-date=March 31, 2008 |url=http://www.nba.com/blazers/features/Learn_More_About_Larry_Weinber-44362-41.html |title=Learn More About Larry Weinberg |work=NBA.com |publisher=[[National Basketball Association]] |url-status=dead |archive-url=https://web.archive.org/web/20080306192329/http://www.nba.com/blazers/features/Learn_More_About_Larry_Weinber-44362-41.html |archive-date=March 6, 2008 }}</ref> 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 major milestone and a positive step for the franchise.<ref name="before microsoft"/><ref name="quiet owner">{{Cite magazine|access-date=March 30, 2008 |url=http://sportsillustrated.cnn.com/2007/writers/the_bonus/11/27/paul.allen1203/ |title=The Quiet Owner: Paul Allen |magazine=Sports Illustrated |date=November 27, 2007 |last=Wertheim |first=L. Jon |url-status=dead |archive-url=https://web.archive.org/web/20071201044646/http://sportsillustrated.cnn.com/2007/writers/the_bonus/11/27/paul.allen1203/ |archive-date=December 1, 2007 }}</ref> The Allen-owned Trail Blazers reached the playoffs 19 times including the [[NBA Finals]] in [[1990 NBA Finals|1990]] and [[1992 NBA Finals|1992]].<ref>{{cite web |url=https://www.basketball-reference.com/teams/POR/ |title=Portland Trail Blazers Franchise Index |publisher=Basketball-Reference.com |access-date=July 31, 2015 |archive-date=August 10, 2015 |archive-url=https://web.archive.org/web/20150810002007/http://www.basketball-reference.com/teams/POR/ |url-status=live }}</ref> According to ''Forbes'', the Blazers were valued at $2.09&nbsp;billion in 2021 and ranked No. 13 out of 30 NBA teams.<ref>{{Cite web |title=Portland Trail Blazers on the Forbes NBA Team Valuations List |url=https://www.forbes.com/teams/portland-trail-blazers/ |access-date=January 20, 2023 |website=Forbes |language=en}}</ref>