Sale of Portland Trail Blazers unanimously approved by NBA Board of Governors
KATU • • sports
Key Points:
- The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to Tom Dundon’s group, with the transaction set to close in two parts by September 1, 2028.
- The sale, valued at approximately $4.25 billion, was initially agreed upon in August 2025 after Paul Allen’s estate put the team up for sale following his death in 2018.
- Tom Dundon, who also owns the NHL’s Carolina Hurricanes, is expected to bring an aggressive, winning approach to the Trail Blazers, according to local media and team affiliates.
- The approval aligns with NBA Commissioner Adam Silver’s earlier expectation that the board would swiftly endorse the deal.
- Jody Allen has managed the team since her brother Paul Allen’s passing, during which time the franchise was put on the market.
