US EditionNBA Approves Portland Trail Blazers Sale to Tom Dundon Group Amid Arena Funding Debate
The NBA approved the $4.25 billion sale to Dundon's group while Oregon debates $870 million in public funds for Moda Center renovations amid scrutiny of Dundon's auto-lending past.
- On Monday, the NBA Board of Governors approved the sale of the Portland Trail Blazers from Paul Allen's estate to an investment group led by billionaire Tom Dundon for $4.25 billion.
- Legislators recently approved $365 million in state bonds for the Moda Center, bringing total proposed public backing for the 30-year-old arena renovation to $870 million to keep the Blazers in Portland.
- Documents obtained by OPB and ProPublica reveal Dundon's past role at Santander Consumer USA, where regulators alleged an "aggressive push" to waive income verification on auto loans in 2013.
- State Sen. Khanh Pham, a Portland Democrat, cast one of six no votes against the funding bill, stating that "guardrails on public-private partnerships are important" given Dundon's regulatory history.
- The ownership group plans to keep the Trail Blazers in Portland, with the transaction closing in two parts—80.1 percent on March 31 and the remaining 19.9 percent "no later" than Sept. 1, 2028.
29 Articles
29 Articles
NBA Board of Governors approves Blazers’ sale to group led by Tom Dundon
NEW YORK — The NBA Board of Governors approved the sale of controlling interest in the Portland Trail Blazers from Paul Allen’s estate to a group led by investor Tom Dundon on Monday. Read more...
Tom Dundon group takes control of Trail Blazers
The Rip City Rising ownership group, led by Tom Dundon, the owner of the NHL's Carolina Hurricanes, took ownership control of the NBA's Portland Trail Blazers on Tuesday.In addition to the NBA franchise, the ownership also assumed control of the Rip City Remix of the G League, Rip City Management and operational control of the team's home arena, Moda Center.The group also is in charge of the surrounding Rose Quarter, which includes the team's fo…
The Oregonian
Herald and NewsNBA approves Portland Trail Blazers sale, Tom Dundon and group to take ownership
NBA Board of Governors approves Portland Trail Blazers’ sale to group led by Tom Dundon
The NBA Board of Governors approved the sale of controlling interest in the Portland Trail Blazers from Paul Allen’s estate to a group led by investor Tom Dundon on Monday.
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