NBA approves sale of Trail Blazers to Tom Dundon group

The NBA Board of Governors has approved the sale of the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon. The franchise was valued at $4.25 billion and the deal was unanimous. The team was purchased from the Paul Allen Trust, which has been run by Allen’s sister Judy Allen since 2018. All proceeds will go to charity, as required by the trust.

Dundon takes over a team that has just received state approval for major upgrades to the Moda Center. On the court, the Blazers are a transition squad featuring veterans like Jrue Holiday and Damian Lillard, but the core is built around younger stars such as Deni Avdija, Sharron Sharpe and Scoot Henderson. Commissioner Adam Silver praised Dundon’s reputation and passion for the franchise.