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NBA Approves Portland Trail Blazers Sale
Tom Dundon and group to take ownership of the franchise
Mar. 31, 2026 at 4:23am by Ben Kaplan
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The NBA has approved the sale of the Portland Trail Blazers to a group led by Tom Dundon. Dundon, a prominent businessman and investor, will become the new owner of the franchise after the previous ownership group decided to sell the team.
Why it matters
The sale of the Trail Blazers represents a significant transition for the franchise, which has been under the same ownership for decades. Dundon's group is expected to bring new leadership and a fresh vision for the team as they aim to build on the Blazers' history of success in the league.
The details
The NBA's Board of Governors unanimously approved the sale, which will see Dundon and his investment group take over control of the team. Financial terms of the deal were not disclosed, but the sale is expected to be finalized in the coming weeks. Dundon is known for his involvement in other sports franchises, including the NHL's Carolina Hurricanes.
- The NBA approved the sale on March 31, 2026.
- The sale is expected to be finalized in the coming weeks.
The players
Tom Dundon
A prominent businessman and investor who will become the new owner of the Portland Trail Blazers.
Portland Trail Blazers
An NBA franchise based in Portland, Oregon that has a long history of success in the league.
What they’re saying
“We are excited to welcome Tom Dundon and his group as the new owners of the Portland Trail Blazers. Their commitment to the city and the team will be a great asset as we move forward.”
— Adam Silver, NBA Commissioner
What’s next
The new ownership group is expected to introduce Dundon and outline their vision for the franchise in the coming weeks.
The takeaway
The sale of the Portland Trail Blazers represents a significant shift in the team's leadership, as Dundon and his group aim to build on the franchise's history of success and bring a fresh perspective to the organization.
