NBA Approves $4.25B Sale of Portland Trail Blazers

Dallas businessman Tom Dundon to take over ownership of the franchise.

Mar. 30, 2026 at 7:53pm

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A cubist-style painting featuring fragmented, geometric shapes in shades of blue, green, and orange, conceptually representing the changes in ownership and leadership of the Portland Trail Blazers basketball team.The sale of the Portland Trail Blazers to a new ownership group signals a shift in the franchise's leadership and direction.Dallas Today

The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon. The transaction, valued at approximately $4.25 billion, will mark the first time since 1988 that the Blazers have not been owned by Paul Allen or his sister, Jody.

Why it matters

The sale of the Trail Blazers represents a major shift in NBA ownership, as the franchise has been under the Allen family's control for over three decades. The high valuation also reflects the continued growth and popularity of the league.

The details

The sale will be a two-part deal, with 80.1% of the team being bought at a $4 billion valuation that will close on March 31. The remaining 19.9% will be purchased at a later date.

  • The NBA Board of Governors unanimously approved the sale on March 30, 2026.
  • The initial 80.1% sale will close on March 31, 2026.

The players

Tom Dundon

A Dallas businessman who is leading the group purchasing the Portland Trail Blazers.

Paul Allen

The late co-founder of Microsoft, who owned the Trail Blazers from 1988 until his death in 2018.

Jody Allen

Paul Allen's sister, who has owned the Trail Blazers since his passing.

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What they’re saying

“This sale represents an exciting new chapter for the Trail Blazers franchise and the city of Portland.”

— Adam Silver, NBA Commissioner

What’s next

The remaining 19.9% of the team will be purchased by Dundon's group at a later date.

The takeaway

The sale of the Trail Blazers to a new ownership group signals the end of an era for the franchise, which has been under the Allen family's control for over three decades. The high valuation of the team reflects the continued growth and popularity of the NBA.