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NBA Approves Sale of Trail Blazers to Tom Dundon
The last hurdle is cleared as the Blazers have a new owner.
Mar. 30, 2026 at 8:21pm
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The sale of the Portland Trail Blazers to a new owner signals a shift in the franchise's future direction.Seattle TodayThe NBA Board of Governors has officially approved the sale of the Portland Trail Blazers to Texas businessman Tom Dundon. The deal, long agreed to between Dundon and former owners—the Paul G Allen Trust—has now cleared its last hurdle.
Why it matters
The sale of the Trail Blazers marks a significant transition for the franchise, as the team has been under the ownership of the Paul G. Allen Trust since 1988. Dundon's acquisition of the team could signal a new era and direction for the organization.
The details
The deal between Dundon and the Paul G Allen Trust has been in the works for some time, and the NBA Board of Governors has now given its final approval, clearing the way for the ownership change to be finalized.
- The last time the Blazers changed hands was in 1988, when Seattle tech wizard Paul Allen purchased the team from original majority owner Larry Weinberg.
The players
Tom Dundon
A Texas businessman who has now acquired ownership of the Portland Trail Blazers.
Paul G. Allen Trust
The previous owners of the Portland Trail Blazers, who have now sold the team to Tom Dundon.
Larry Weinberg
The original majority owner of the Portland Trail Blazers, who sold the team to Paul Allen in 1988.
The takeaway
The sale of the Trail Blazers to Tom Dundon marks a new chapter for the franchise, as the team transitions away from the ownership of the Paul G. Allen Trust, which has held the team since 1988. Dundon's acquisition could signal potential changes and a new direction for the organization.
