• Loading stock data...
Monday, October 27, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

Trail Blazers Sale and Ownership Group Finalized, Now Awaiting NBA Approval

The NBA Board of Governors has to approve any final purchase agreement and the sale is expected to close by the end of the year.

Apr 11, 2025; Portland, Oregon, USA; Portland Trail Blazers guard Rayan Rupert (21) shoots a jump shot during the second half against Golden State Warriors guard Moses Moody (4) at Moda Center.
Troy Wayrynen-Imagn Images

The estate of the late Microsoft co-founder Paul Allen reached an agreement to sell the Portland Trail Blazers on Friday to Hurricanes owner Tom Dundon. 

The two sides reached a tentative deal in August to buy the team for a reported valuation of $4 billion, and Allen’s estate announced on Friday that it has “entered a formal sales agreement” with Dundon and his team. 

Dundon’s ownership group also includes Sheel Tyle, the co-founder of investment firm Collective Global, based in Portland, Marc Zahr, co-president of Blue Owl Capital, and the Cherng Family Trust, which is the the family office and investment firm of Andrew and Peggy Cherng, the co-founders of restaurant chain Panda Express. 

The NBA Board of Governors has to approve any final purchase agreement and the sale is expected to close by the end of the year. The Trail Blazers are the third NBA team to sell in 2025, behind the Celtics in March for $6.1 billion and the Lakers in June for a record $10 billion

The Lakers sale to Dodgers owner Mark Walter is also awaiting approval from the Board of Governors. Walter is already a minority owner with the Lakers. 

Allen’s estate first announced the sale of the team in May shortly after the NBA’s regular season had ended. Allen died in 2018 at 65 from complications of non-Hodgkin lymphoma after originally buying the team in 1988 for $70 million. He also owned the Seattle Seahawks and a minority stake in the Sounders. His sister, Jody Allen, ran the Blazers and Seahawks after he died and is a trustee of the Paul Allen Trust. 

Paul Allen wanted both teams sold after his passing with the money going to philanthropic causes, but neither the Seahawks nor Sounders stakes are currently for sale. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 26, 2025; San Antonio, Texas, USA; San Antonio Spurs forward Victor Wembanyama (1) celebrates a three-point shot in the second half against the Brooklyn Nets at Frost Bank Center.

NBA Betting Scandals Overshadow Wembanyama’s Superstar Leap

Wembanyama is following the path of Shohei Ohtani in MLB.
May 20, 2023; Los Angeles, California, USA; Los Angeles Dodgers and LA Sparks co-owner Todd Boehly watches during game three of the Western Conference Finals for the 2023 NBA playoffs between the Los Angeles Lakers and the Denver Nuggets at Crypto.com Arena.
exclusive

Mark Walter’s Lakers Buy Includes Dodgers Co-Owner Todd Boehly

Jeanie Buss will retain a roughly 15% stake and remain team governor.

Sports Equinox 2025 Shows How Fragmented Sports TV Has Become

Multiple streaming services are needed to watch Monday’s games.
Oct 24, 2025; Houston, Texas, USA; Detroit Pistons forward Paul Reed (7) celebrates with guard Cade Cunningham (2) after a play during the fourth quarter against the Houston Rockets at Toyota Center.

‘On the Bench’ Analysts Aim to Give NBA Viewers Courtside Access

Austin Rivers and Robbie Hummel will deliver reports straight from the bench.

Featured Today

September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.

Dodgers Depth, Blue Jays Glue Guys Are Defining the World Series

Yamamoto, Smith, and Glasnow are playing key roles for MLB’s top spenders.
Fred Warner
October 25, 2025

Most of the 49ers’ Record Cap Number Isn’t on the Field

The 49ers are winning despite ranking 31st on spending on active players.
October 26, 2025

Blue Jays’ World Series Run Is Just Part of Rogers’ Big Sports..

Buying more MLSE equity and a recapitalization of sports assets are planned.
Sponsored

How HOKA is Reimagining the NIL Relationship

Fans can now follow their favorite golfers and experience every marquee moment at the Ryder Cup — thanks to innovation from T-Mobile.
Oct 23, 2025; Toronto, ON, Canada; Signage in place on the dug out before game one of the World Series between the Los Angeles Dodgers and Toronto Blue Jays at Rogers Centre.
October 24, 2025

World Series Viewership Will Be Different This Year

The Canadian presence in the World Series creates a unique viewership situation.
Tom Dundon
exclusive
October 22, 2025

Sale of Trail Blazers to Tom Dundon Will Take Multiple Years to..

Dundon is buying the team at a $4.25 billion valuation.
October 18, 2025

Financial Behemoth Dodgers Win NL Pennant, Eye History

The biggest spenders would be MLB’s first repeat champion in 25 years.
October 16, 2025

For Yankees, It May Be ‘Business As Usual,’ but Title Drought Lingers

GM Brian Cashman says a salary cap is not at the forefront of his mind.