It's official: NBA formally approves sale of Trail Blazers to a group led by Tom Dundon
Dundon, the owner of the NHL's Carolina Panthers, takes over a team in transition on the court.
The expected has become official: The NBA Board of Governors has approved the sale of the Portland Trail Blazers, a group led by Carolina Hurricanes owner Tom Dundon. The following has been released by the NBA. pic.
twitter. com/Nbi4CT7PLn ā NBA Communications (@NBAPR) March 30, 2026 The vote was unanimous, according to Jason Quick of The Athletic . The franchise was valued at $4.
25 billion for the sale. The new owners purchased the team from the Paul Allen Trust, which has been run by Allen's sister Judy Allen since 2018, when the Microsoft co-founder died. All proceeds from the sale will be directed to charities, as the trust requires.
Dundon takes over a team that has just received state approval for major upgrades and renovations to the Moda Center. On the court, the Trail Blazers are a transitioning team that has veterans ā Jrue Holiday, next season Damian Lillard ā but is really built around younger stars such as Deni Avdija, Sharron Sharpe and Scoot Henderson. "I'm just getting to know Tom," NBA Commissioner Adam Silver said of Dundon after last week's Board of Governors meeting.