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The sale of the Portland Trail Blazers to a new ownership group signals a shift in the franchise’s leadership and direction.Dallas Today
The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon. The transaction, valued at approximately $4.25 billion, will mark the first time since 1988 that the Blazers have not been owned by Paul Allen or his sister, Jody.
Why it matters
The sale of the Trail Blazers is a significant event in the NBA, as the franchise has been under the ownership of the Allen family for over three decades. The new ownership group, led by Tom Dundon, will bring a fresh perspective and potentially new strategies to the team’s operations and fan engagement.
The details
The sale will be a two-part deal, with 80.1% of the team being bought at a $4 billion valuation, which will close on March 31. The remaining 19.9% will be acquired at a later date.
The NBA Board of Governors unanimously approved the sale on March 30, 2026.The initial 80.1% ownership transfer will close on March 31, 2026.
The players
Tom Dundon
A Dallas businessman who will lead the new ownership group of the Portland Trail Blazers.
Paul Allen
The late co-founder of Microsoft, who owned the Trail Blazers from 1988 until his death in 2018.
Jody Allen
Paul Allen’s sister, who has owned the Trail Blazers since his passing.
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What they’re saying
“This sale marks a new chapter for the Trail Blazers franchise, and we’re excited to see what the new ownership group will bring to the table.”
— Adam Silver, NBA Commissioner
What’s next
The remaining 19.9% of the team will be acquired by the new ownership group at a later date, though the specific timeline has not been announced.
The takeaway
The sale of the Trail Blazers to a new ownership group led by Tom Dundon represents a significant shift in the franchise’s leadership, as the Allen family has been at the helm for over three decades. This change in ownership could lead to new strategies and initiatives that impact the team’s on-court performance, fan engagement, and overall operations.