NBA Approves Trail Blazers Sale to Tom Dundon Group

The NBA Board of Governors voted unanimously to approve the sale of the Portland Trail Blazers to a group headed by Carolina Hurricanes owner Tom Dundon. The franchise, valued at $4.25 billion, was purchased from the Paul Allen Trust, which has been run by Allen’s sister Judy Allen since 2018.

All proceeds from the sale will be directed to charities, as required by the trust. Dundon takes over a team that has just received state approval for major upgrades to the Moda Center and is built around a mix of veterans and young stars such as Deni Avdija, Sharron Sharpe and Scoot Henderson.