Overview

• RAJ Sports Holding LLC, owner of the Portland Thorns and Portland Fire, filed the suit in Delaware’s Court of Chancery targeting Andrew and Peggy Cherng and a related entity.
• A proposed order shows RAJ is seeking a temporary restraining order that would bar the Cherngs from entering any agreement involving the Trail Blazers.
• The filing cites an alleged July 24 confidentiality and exclusivity agreement, though most case details remain under seal and key facts are not yet public.
• Paul G. Allen’s estate announced on Sept. 12 a formal sale agreement naming Tom Dundon’s group and the Cherng Family Trust as investors, with NBA Board of Governors approval still required.
• Court documents indicate the suit does not directly challenge Dundon’s pending ownership, and it is unclear what effect the litigation could have on timing or investor composition.