{"id":240400,"date":"2025-08-19T23:49:09","date_gmt":"2025-08-19T23:49:09","guid":{"rendered":"https:\/\/www.rawchili.com\/nba\/240400\/"},"modified":"2025-08-19T23:49:09","modified_gmt":"2025-08-19T23:49:09","slug":"march-31-targeted-as-closing-date-for-portland-trail-blazers-sale-to-tom-dundon","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nba\/240400\/","title":{"rendered":"March 31 targeted as closing date for Portland Trail Blazers sale to Tom Dundon"},"content":{"rendered":"

A \u201ctarget date of March 31, 2026, has been set for the close\u201d of the sale of the Trail Blazers to Hurricanes owner Tom Dundon<\/a>, according to Jason Quick of THE ATHLETIC. A source said that Dundon\u2019s group is \u201cin the process of negotiating documents,\u201d but \u201call major points have been agreed upon.\u201d Quick notes Dundon reached an \u201cexclusivity agreement with Paul Allen\u2019s estate, which means there will be no negotiations with other interested buyers.\u201d The \u201chope is to have a purchase agreement signed in September.\u201d Once a purchase agreement is reached, the NBA will \u201cset a date for its Board of Governors to vote on the sale.\u201d If the sale is \u201capproved by the scheduled closing date of March 31, the new owners will take over with six games remaining in the 2025-2026 season.\u201d The estate expressed a \u201cdesire for the team to stay in Oregon.\u201d The source said that the team \u201cwill remain in Portland.\u201d However, Quick notes the future of the Moda Center<\/a> \u201cis unclear.\u201d The team has \u201csigned a lease to continue playing its games in the arena through 2030<\/a>, but NBA Commissioner Adam Silver has stated a new arena will likely need to be built.\u201d The source said that while there are \u201cissues with the Moda Center — ranging from its small visitor\u2019s locker room and the quality of the suites — \u2018nothing about the arena is a deal breaker on its own\u2019\u201d (THE ATHLETIC, 8\/19<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"A \u201ctarget date of March 31, 2026, has been set for the close\u201d of the sale of the…\n","protected":false},"author":2,"featured_media":236079,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[7,1752,7457,6],"class_list":{"0":"post-240400","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nba","8":"tag-basketball","9":"tag-deals","10":"tag-leadership","11":"tag-nba"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nba\/115058112438347444","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/240400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/comments?post=240400"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/240400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media\/236079"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media?parent=240400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/categories?post=240400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/tags?post=240400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}