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15h ago

Tom Dundon Is Exclusive Buyer for Trail Blazers in Reported $4.25 Billion Deal

The next step is a September purchase agreement before an NBA vote.

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

Overview

  • Jason Quick of The Athletic reported that Dundon has an exclusivity agreement with Paul Allen’s estate at a $4.25 billion valuation.
  • Parties are targeting March 31, 2026 to close, with documents being negotiated now and major terms described as agreed.
  • The transaction remains subject to due diligence and approval by the NBA’s Board of Governors.
  • Reporting indicates the team will stay in Portland; the Moda Center lease runs through 2030 and noted arena issues were not described as deal breakers.
  • Dundon owns the NHL’s Carolina Hurricanes, and outlets report he is leading a group that includes investors Marc Zahr and Sheel Tyle.