{"id":689185,"date":"2026-03-31T02:46:25","date_gmt":"2026-03-31T02:46:25","guid":{"rendered":"https:\/\/www.rawchili.com\/nba\/689185\/"},"modified":"2026-03-31T02:46:25","modified_gmt":"2026-03-31T02:46:25","slug":"sale-of-portland-trail-blazers-unanimously-approved-by-nba-board-of-governors-2","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nba\/689185\/","title":{"rendered":"Sale of Portland Trail Blazers unanimously approved by NBA Board of Governors"},"content":{"rendered":"<p>PORTLAND, Ore. (KATU) \u2014 The sale of the Portland Trail Blazers to Tom Dundon\u2019s group has been <a href=\"https:\/\/www.nytimes.com\/athletic\/7129015\/2026\/03\/30\/trail-blazers-sold-tom-dundon-nba\/\" target=\"_blank\" rel=\"nofollow noopener\">unanimously approved by the NBA Board of Governors<\/a>. <\/p>\n<p>KATU first learned about the sale from a report in The Athletic. It was later confirmed in a press release by the NBA.<\/p>\n<p>READ MORE | <a href=\"https:\/\/katu.com\/sports\/trail-blazers\/seattle-a-step-closer-to-getting-nba-team-as-leagues-owners-approve-expansion-exploration-las-vegas-sonics-portland-trail-blazers-rivalry\" target=\"_blank\" rel=\"nofollow noopener\">Seattle a step closer to getting NBA team as league&#8217;s owners approve expansion exploration<\/a><\/p>\n<p>The sale will be a two-part deal with the first part closing on Tuesday, March 31. The second part will close no later than Sept. 1, 2028.<\/p>\n<p>Last week, NBA Commissioner Adam Silver said that he expected the approval from the board to happen in short order.<\/p>\n<p>Paul Allen\u2019s estate <a href=\"https:\/\/katu.com\/news\/local\/portland-trail-blazers-up-for-sale-as-paul-allen-estate-begins-formal-sales-process-nba-jody-phil-knight-potential-buyer-oregon\" target=\"_blank\" rel=\"nofollow noopener\">put the team up for sale in May 2025<\/a>. It was announced on August 13, 2025, that <a href=\"https:\/\/katu.com\/news\/local\/dont-publish-nbas-portland-trail-blazers-sold-to-owner-of-nhls-carolina-hurricanes-paul-allen-moda-center\" target=\"_blank\" rel=\"nofollow noopener\">Tom Dundon\u2019s group had agreed to purchase<\/a> the franchise for a valuation of over $4 billion. The Athletic is reporting the sale price is $4.25 billion.<\/p>\n<p>Allen died in 2018 at the age of 65 from complications of non-Hodgkin lymphoma. He bought the team in 1988 for $70 million. Jody Allen took control of the Blazers and Seattle Seahawks following her brother&#8217;s death.<\/p>\n<p>Dundon is also the owner of the NHL\u2019s Carolina Hurricanes. He became the majority owner in 2018.<\/p>\n<p>Chad Doing of Rip City Radio 620, the Portland Trail Blazers flagship radio station says that Dundon is the right man to lead the team\u2019s next chapter. \u201cTom Dundon has had great success in a Carolina as owner of the Hurricanes. He\u2019s aggressive and wants to win by all accounts, he\u2019s willing to spend money on players. I look forward to seeing this new era in Rip City unfold.\u201d<\/p>\n<p>Comment with Bubbles<\/p>\n<p>BE THE FIRST TO COMMENT<\/p>\n<p>Earlier this month, the Oregon legislature passed a bill that would provide <a href=\"https:\/\/katu.com\/news\/politics\/oregon-house-approves-moda-center-renovation-plan-as-end-of-the-2026-session-approaches-politics-local-portland-trail-blazers-economy-nba-money-spending-renovations-republicans-democrats-senate-house-kotek\" target=\"_blank\" rel=\"nofollow noopener\">funding to renovate Moda Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"PORTLAND, Ore. (KATU) \u2014 The sale of the Portland Trail Blazers to Tom Dundon\u2019s group has been unanimously&hellip;\n","protected":false},"author":2,"featured_media":688972,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3784],"tags":[7,601,6,687,471,3967,1617],"class_list":{"0":"post-689185","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-portland-trail-blazers","8":"tag-basketball","9":"tag-blazers","10":"tag-nba","11":"tag-portland","12":"tag-portland-trail-blazers","13":"tag-portlandtrailblazers","14":"tag-trail-blazers"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nba\/116321503544220507","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/689185","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=689185"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/689185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media\/688972"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media?parent=689185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/categories?post=689185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/tags?post=689185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}