Portland Trail Blazers Sold to New Ownership Group

Longtime fans and sports media react to the team's change in leadership.

Apr. 1, 2026 at 2:09am by Ben Kaplan

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The Portland Trail Blazers have been sold to a multi-family ownership group led by Tom Dundon, the team announced on Tuesday. The sale marks a significant transition for the NBA franchise, which has been under the same ownership for decades.

Why it matters

The Trail Blazers are one of the most beloved professional sports teams in the Pacific Northwest, with a loyal fanbase that has supported the team through both successful and struggling seasons. The new ownership group will be tasked with continuing the team's legacy and engaging with the Portland community.

The details

The sale was led by Tom Dundon, a prominent businessman and investor who has been involved in several sports franchises. Dundon will serve as the team's chairman and managing partner, overseeing the day-to-day operations of the organization.

  • The sale was officially announced on April 1, 2026.
  • The Trail Blazers have been under the same ownership group for over 30 years.

The players

Tom Dundon

The new chairman and managing partner of the Portland Trail Blazers, Dundon is a successful businessman and investor who has been involved in several sports franchises.

Portland Trail Blazers

The NBA franchise based in Portland, Oregon, which has been a beloved part of the city's sports landscape for decades.

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What they’re saying

“This is a bittersweet moment for many long-time Blazers fans, but the new ownership group has a great opportunity to build on the team's rich history and connect with the community in new ways.”

— Jamal Crawford, Former Trail Blazers player

“The Blazers have always been more than just a basketball team to Portland - they're a source of civic pride and identity. I'm hopeful the new owners will honor that legacy while also bringing fresh ideas and energy to the franchise.”

— Lamar Hurd, Local sports commentator

What’s next

The new ownership group is expected to hold a press conference in the coming weeks to outline their vision for the franchise and introduce key members of the leadership team.

The takeaway

The sale of the Portland Trail Blazers marks the end of an era, but also presents an opportunity for the franchise to evolve and connect with a new generation of fans. The new ownership group will be tasked with balancing tradition and innovation as they chart the team's future.