Tom Dundon Group's $4.25 Billion Purchase Of Blazers Unanimously Approved By Board Of Governors
The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon, a league source told The Athletic. The deal is structured at an approximate total value of $4.25 billion. The transaction ends the Allen family's ownership era dating to 1988. It is structured in two stages: an 80.1 percent stake closes March 31 at a $4 billion valuation, with the remaining 19.9 percent closing no later than September 1, 2028, at a $4.5 b...

