NBA Approves Trail Blazers Sale to Investor Group

New ownership led by Tom Dundon takes over Portland franchise

Mar. 30, 2026 at 10:03pm

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A cubist, geometric painting depicting a fragmented basketball game, with overlapping planes of navy, green, and red conveying the dynamic energy of the sport.The record-breaking $4 billion sale of the Portland Trail Blazers franchise signals a new era of growth and investment in the NBA.Boston Today

The NBA Board of Governors has approved the sale of the Portland Trail Blazers from the estate of late owner Paul Allen to a new investor group led by Tom Dundon. The deal is expected to close this week and is reported to be worth $4 billion, following the recent record-setting $6.1 billion sale of the Boston Celtics.

Why it matters

The Trail Blazers sale represents a major ownership transition for one of the NBA's most storied franchises. It also reflects the continued skyrocketing valuations of professional sports teams, with the Blazers deal coming on the heels of the Celtics setting a new league record.

The details

The NBA announced on Monday that its Board of Governors had officially approved the sale of the Portland Trail Blazers from Paul Allen's estate to a new ownership group led by investor Tom Dundon. The deal is expected to close this week and is reportedly worth $4 billion, according to previous ESPN reports.

  • The NBA Board of Governors approved the sale on Monday, March 30, 2026.
  • The deal is expected to close this week.

The players

Tom Dundon

The lead investor in the group purchasing controlling interest in the Portland Trail Blazers.

Paul Allen

The late owner of the Portland Trail Blazers, whose estate is selling the team.

Boston Celtics

The NBA franchise that recently set a new league record with a $6.1 billion sale.

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The takeaway

The Trail Blazers sale continues the trend of skyrocketing NBA franchise valuations, with the $4 billion price tag coming on the heels of the Boston Celtics' record-setting $6.1 billion sale. The new ownership group led by Tom Dundon will now take control of one of the league's most storied franchises.