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Trail Blazers Sold to Dallas Billionaire Tom Dundon
NBA Board of Governors unanimously approves ownership change for Portland franchise
Mar. 30, 2026 at 9:20pm
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New ownership aims to reshape the Trail Blazers' future through bold, innovative leadership.Dallas TodayThe NBA has announced that the Portland Trail Blazers have been sold to an investor group led by Dallas billionaire Tom Dundon. The transaction is expected to close this week, with Dundon serving as the team's new governor.
Why it matters
This ownership change marks a significant shift for the Trail Blazers, who have been under the same leadership for decades. Dundon's acquisition of the franchise could signal a new era and direction for the team as they look to build on their recent success.
The details
The NBA Board of Governors unanimously approved the sale of the Trail Blazers to Dundon's investor group. The new ownership group will take over the team this week, with Dundon serving as the franchise's governor moving forward.
- The NBA announced the sale on March 30, 2026.
- The transaction is expected to close this week.
The players
Tom Dundon
A Dallas billionaire who is leading the investor group that is acquiring the Portland Trail Blazers.
Portland Trail Blazers
The NBA franchise based in Portland, Oregon that has been sold to a new ownership group.
What’s next
The new ownership group is expected to take over the Trail Blazers this week, marking the start of a new era for the franchise.
The takeaway
This ownership change for the Trail Blazers represents a significant shift for the franchise, as they transition to new leadership under Dallas billionaire Tom Dundon. The unanimous approval by the NBA Board of Governors suggests confidence in Dundon's vision and ability to guide the team moving forward.
