PORTLAND, Ore. — The new owners of the Portland Trail Blazers are set to speak Thursday, after the NBA Board of Governors approved the sale of the team earlier this week.
On Monday, the governors board approved the sale of the Blazers to an investor group led by Tom Dundon.
The Rip City Rising ownership group is set to speak on Thursday. You can watch the press conference below at 3 p.m. PT:
In a press conference, Dundon said their goal is to build a team that can compete at the highest level, every single year.
Dundon will serve as the Blazers’ main governor. Marc Zahr, Stan Middleman, Andrew Cherng, and Sheel Tyle are listed as alternative governors.
According to The Athletic, the sale will be a two-part deal with a price tag of $4.25 billion. The NBA said the transaction is expected to close this week.