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Tom Dundon Becomes Exclusive Buyer of Trail Blazers in $4.25 Billion Deal Targeting March 2026 Close

The estate-led sale is expected to keep the franchise in Portland, with NBA approval still required.

Mavericks guard Luka Doncic (77) celebrates during the second half against the Portland Trail Blazers at the American Airlines Center
Dec 19, 2021; Memphis, Tennessee, USA; Portland Trail Blazers head coach Chauncey Billups talks with Portland Trail Blazers guard Damian Lillard (0) after a foul call during the fourth quarter against the Memphis Grizzles at FedExForum. Mandatory Credit: Petre Thomas-Imagn Images
Portland Trail Blazers New Ownership Hopes To Close Sale By April 2026

Overview

  • Dundon’s group has an exclusivity pact with the Paul G. Allen estate, ending talks with other bidders.
  • The reported purchase price is $4.25 billion for the franchise.
  • Parties plan to sign a purchase agreement in September, after which an NBA Board of Governors vote would be scheduled.
  • The target closing date is March 31, 2026, which would transfer control near the end of the 2025-26 season.
  • The club is expected to stay in Portland as arena questions persist — the Moda Center lease runs through 2030 — and reported investors include Marc Zahr and Sheel Tyle.