Add as preferred on Google
PORTLAND, Ore. — The sale of the Portland Trail Blazers from Paul Allen’s estate to Tom Dundon’s group was unanimously approved by the NBA Board of Governors yesterday.
In 1988, Paul Allen bought the Portland Trail Blazers for $70 million. After he died at the age of 65 in 2018 from complications of non-Hodgkin lymphoma, his sister, Jody Allen, took control of the Blazers and Seattle Seahawks.
A period of poor performance endured for three seasons since the 2021-22 NBA season. The 2023-24 season saw the team finish 21–61, one of the worst records in franchise history. By 2025, the team continued to struggle with injuries, ranking in the bottom tier of the Western Conference and frequently experiencing long losing streaks.
The Blazers’ home, the Moda Center, has also been in the news. Earlier this month, the Oregon Senate approved a funding plan for the Moda Center to help keep the team in Portland.
Allen’s estate put the team up for sale in May 2025. Tom Dundon’s group announced in August that it had agreed to purchase the franchise for a valuation of over $4 billion. Dundon is also the owner of the NHL’s Carolina Hurricanes.
Tidings Data Snapshot
Blazers Sale In 4 NumbersSource: NBA Board of Governors release / Associated Press sale coverage / Oregon SB 1501DailyTidings.com
The deal, valued at approximately $4.25 billion, with the first part- 80.1%- is expected to close today. The second part will close no later than Sept. 1, 2028.
Be the first to comment.