Tom Dundon’s group reaches a tentative $4B US deal to buy the Portland Trail Blazers, keeping the team in the city. NBA board approval still pending.
New Ownership Deal Puts Blazers in Portland’s Hands
Background & Leadership
Dallas businessman and owner of the NHL’s Carolina Hurricanes, Tom Dundon, is leading a purchase of the NBA’s Portland Trail Blazers. Dundon, whose small-market success with the Hurricanes has drawn attention, is joined by Marc Zahr of Blue Owl Capital and Portland-based Sheel Tyle. The group has reportedly agreed on a tentative price exceeding USD 4 billion.
Sale Mechanics & Approval Timeline
Though believed to be finalized at over USD 4 billion, some sources suggest the deal structure includes two payments, yielding a blended valuation of about USD 4.25 billion. Final approval hinges upon the NBA Board of Governor.
Commitment to Portland
Fans’ relocation fears were eased quickly—the ownership group plans to maintain the Blazers’ presence in Portland. Reports indicate interest in upgrading or even replacing the aging Moda Center, potentially via public-private collaboration.
Owner’s Track Record
Dundon, who purchased the Hurricanes’ majority stake in 2018, has led a franchise turnaround—emphasizing fan value, analytics, playoff consistency, and community commitment. His mantra: “I value winning more than I value money.
Why This Matters
The Blazers are the latest among high-profile NBA sales in 2025, following the Celtics (~USD 6.1B) and Lakers (~USD 10B). The sale not only signals escalating franchise valuations, but also sets the stage for renewed energy—and expectations—around the Portland organizatio
What Comes Next
The tentative sale in place, the NBA’s Board of Governors must now complete due diligence and vote. Meanwhile, fans and stakeholders wait to see if Dundon’s winning blueprint—proven in Raleigh—will translate into success in the Pacific Northwest.
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