Tom Dundon’s Trail Blazers Takeover Is Official After NBA Approval

about 2 months ago

Tom Dundon’s Trail Blazers Takeover Is Official After NBA Approval

The NBA’s Board of Governors approved the sale of the Trail Blazers to Tom Dundon’s group Monday, with the transaction expected to close this week and Dundon set to become Portland’s governor. The deal was previously reported at about $4.25 billion, with proceeds from Paul Allen’s estate earmarked for philanthropy. Dundon had also pledged to keep the franchise in Portland.

By Raahib Singh

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