Tom Dundon Objects to Questions About His “Skin in the Game” for Arena Overhaul
wweek.com • • sports
Key Points:
- New Trail Blazers owner Tom Dundon held his first press conference, denying rumors that he plans to move the team out of Portland and emphasizing his focus on arena renovation and lease negotiations.
- Dundon was joined by minority owners Sheel Tyle and Andrew Cherng, who both expressed strong commitment to keeping the team in Portland and expanding its influence, particularly in Asia.
- Oregon lawmakers passed Senate Bill 1501, allocating $365 million in bonds for Moda Center renovations, with additional financial commitments expected from Multnomah County and the City of Portland, but no direct financial contribution from Dundon or his investors.
- The passage of the bill and the NBA's decision to expand to Seattle and Las Vegas have reduced the threat of relocation, weakening Dundon's leverage in negotiations for public funding.
- Dundon faced tough questions regarding his financial commitment to the arena upgrades, responding that negotiations are ongoing and asserting he has "skin in the game," though details remain unclear.
