NBA Approves Sale of Portland Trail Blazers

Investor group led by Tom Dundon to take controlling interest in franchise

Mar. 30, 2026 at 9:11pm by Ben Kaplan

Got story updates? Submit your updates here. ›

A cubist-style painting featuring sharp, overlapping geometric shapes in navy, green, and orange, conceptually representing the fragmented nature of a basketball game and the changing ownership of the Portland Trail Blazers franchise.A new ownership group's acquisition of the Portland Trail Blazers signals a shift in the franchise's future direction.Portland Today

The NBA Board of Governors has approved the sale of the controlling interest in the Portland Trail Blazers to an investor group led by Tom Dundon, who will serve as the team's new Governor. The transaction is expected to close this week.

Why it matters

The sale of the Trail Blazers marks a significant ownership change for one of the NBA's historic franchises. Dundon's group takes over a team that has struggled on the court in recent years but remains a valuable asset in the league's portfolio.

The details

The NBA announced that Dundon's investor group has been approved to purchase a controlling stake in the Trail Blazers. Dundon, who also owns the NHL's Carolina Hurricanes, will now serve as the Trail Blazers' Governor, overseeing the team's operations and strategic direction.

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

The players

Tom Dundon

The lead investor in the group purchasing a controlling interest in the Portland Trail Blazers. Dundon also owns the NHL's Carolina Hurricanes.

Portland Trail Blazers

An NBA franchise based in Portland, Oregon that has been sold to a new investor group led by Tom Dundon.

Got photos? Submit your photos here. ›

What they’re saying

“The NBA Board of Governors has approved the sale of the controlling interest in the Portland Trail Blazers to an investor group led by Tom Dundon, who will serve as the Trail Blazers' Governor.”

— NBA Communications

What’s next

The transaction is expected to close this week, officially transferring ownership of the Trail Blazers to Dundon's group.

The takeaway

This sale represents a changing of the guard for the Trail Blazers, as a new ownership group led by Tom Dundon takes over one of the NBA's historic franchises. The move could signal a new strategic direction for the team as it looks to return to relevance in the league.