{"id":532057,"date":"2026-03-31T01:26:13","date_gmt":"2026-03-31T01:26:13","guid":{"rendered":"https:\/\/www.rawchili.com\/nhl\/532057\/"},"modified":"2026-03-31T01:26:13","modified_gmt":"2026-03-31T01:26:13","slug":"nba-board-of-governors-approves-trail-blazers-sale-to-group-led-by-tom-dundon-2","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nhl\/532057\/","title":{"rendered":"NBA Board of Governors approves Trail Blazers&#8217; sale to group led by Tom Dundon"},"content":{"rendered":"<p>NEW YORK \u2014 The NBA Board of Governors approved the sale of a controlling interest in the <a href=\"https:\/\/www.sportsnet.ca\/basketball\/nba\/teams\/portland-trail-blazers\/\" class=\"sn-team-post-link\" target=\"_self\" data-team=\"portland-trail-blazers\" data-league=\"nba\" rel=\"nofollow noopener\">Portland Trail Blazers<\/a>\u00a0from Paul Allen&#8217;s estate\u00a0to a group led by investor Tom Dundon on Monday.<\/p>\n<p>The league said in a statement it expects the deal to close this week. ESPN previously reported it was for $4 billion. In March, the\u00a0Boston Celtics sold for $6.1 billion.<\/p>\n<p>Dundon\u2019s group includes Portland-based Sheel Tyle, the co-founder of investment firm Collective Global; Marc Zahr, co-president of Blue Owl Capital; and the Cherng Family Trust, the family office and investment firm of the co-founders of Panda Express. Earlier this month, Dundon sold a\u00a0portion of the NHL\u2019s Carolina Hurricanes\u00a0to three new minority owners, a transaction reportedly worth $332.5 million for 12.5% of the team.<\/p>\n<p>Dundon bought a stake in the Hurricanes in 201, became\u00a0the majority owner\u00a0in 2018 and\u00a0took sole possession of the club\u00a0in 2021. He is chairman and managing partner of the Dallas-based firm Dundon Capital Partners.<\/p>\n<p>The approval of the sale of the Trail Blazers comes after the Oregon Legislature approved funds for the\u00a0renovation of the Moda Center\u00a0in early March. The measure gives the state joint ownership of the 30-year-old arena with the city and provides a mechanism to secure $365 million for the building&#8217;s renovation. It also allayed fears that new ownership might move the team to another city.<\/p>\n<p>Allen\u2019s estate announced in May\u00a0that it had begun the process of selling the Trail Blazers. The billionaire co-founder of Microsoft, who died in 2018 at age 65 from complications of non-Hodgkin lymphoma, originally bought the Blazers in 1988 for $70 million.<\/p>\n<p>Allen also owned\u00a0the NFL\u2019s Seattle Seahawks\u00a0and a minority share of Major League Soccer\u2019s Seattle Sounders.<\/p>\n<p>Since his death, Allen\u2019s sister, Jody Allen, has served as chair of both the Blazers and Seahawks and is a trustee of the Paul G. Allen Trust. Paul Allen stipulated in his will the eventual sale of his teams, with the proceeds to be given to philanthropic endeavours. Allen&#8217;s estate announced it began the process of selling the Seahawks in mid-February, about two weeks after the team captured the franchise&#8217;s second Super Bowl championship.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK \u2014 The NBA Board of Governors approved the sale of a controlling interest in the Portland&hellip;\n","protected":false},"author":2,"featured_media":532058,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5107],"tags":[194,29,5176,5,195,4],"class_list":{"0":"post-532057","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-carolina-hurricanes","8":"tag-carolina","9":"tag-carolina-hurricanes","10":"tag-carolinahurricanes","11":"tag-hockey","12":"tag-hurricanes","13":"tag-nhl"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nhl\/116321189100345868","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/532057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/comments?post=532057"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/532057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media\/532058"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media?parent=532057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/categories?post=532057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/tags?post=532057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}