Overview

• Tom Dundon is spearheading the acquisition of the NBA franchise with partners Marc Zahr of Blue Owl Capital and Sheel Tyle of Collective Global.
• The tentative deal places the team’s price tag near $4 billion, above earlier estimates of $3.6 to $3.65 billion.
• Advisors Allen & Company and law firm Hogan Lovells have managed the estate sale, fulfilling Paul Allen’s will to maximize returns for philanthropy.
• The new ownership has pledged to retain the franchise in Portland, allaying relocation concerns among fans.
• The transaction now awaits formal ratification by the NBA Board of Governors and the completion of customary closing steps.