Tom Dundon Group's $4.25 Billion Purchase Of Blazers Unanimously Approved By Board Of Governors
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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...
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PrimaryIt's official: NBA formally approves sale of Trail Blazers to a group led by Tom Dundon
Dundon, the owner of the NHL's Carolina Panthers, takes over a team in transition on the court.
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NBA approves historic sale of Trail Blazers to Tom Dundon-led group - TalkBasket.net
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