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Trail Blazers Sale Official, as Allen's Estate Reveals New Investors
Tom Dundon's group secured exclusive rights to buy the Trail Blazers, valued at $4.25 billion, surpassing competing investors, with the sale expected to finalize by end of 2025.
- On Friday, the Estate of Paul G. Allen announced it had entered a formal sale agreement to sell the Portland Trail Blazers to a group led by Tom Dundon, pending NBA Board of Governors approval.
- Allen's will required the eventual sale of his teams, and the estate began a formal sale process earlier this year, announcing on May 13, 2025 that a process was underway.
- The Dundon-led group includes the Cherng Family Trust, with reports indicating the sale could exceed $4 billion, though the exact price remains undisclosed.
- Because the seller is the Estate of Paul G. Allen, the process involved fiduciary duties and was led by Allen & Company and Hogan Lovells, with sale proceeds funding philanthropic efforts.
- Compared with recent franchise sales, a $4.25 billion price would be notable, ranking below the Boston Celtics' $6.1 billion and Mark Walter's $10 billion Lakers deals while Sportico values the Trail Blazers at $3.6 billion, placing them 23rd in the 30-team NBA.
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Associated Press News+9 Reposted by 9 other sources
Paul Allen's estate enters a formal agreement to sell Trail Blazers to group led by Tom Dundon
Paul Allen’s estate has formally reached an agreement to sell the Portland Trail Blazers to a group of investors led by Carolina Hurricanes owner Tom Dundon.
·United States
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Coverage Details
Total News Sources23
Leaning Left7Leaning Right1Center9Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 41%
C 53%
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