The NBA Board of Governors has officially approved the sale of the Portland Trail Blazers to an investor group led by Tom Dundon, marking the first change in ownership since 1988. The deal closes on March 31 with Dundon acquiring 80.1% of the franchise at a $4 billion valuation.
The remaining 19.9% stake will be purchased at a $4.5 billion valuation, with the final transaction required to close by September 1, 2028. Proceeds from the sale are set to be donated to charity, honoring the will of late owner Paul Allen, who co-founded Microsoft.
Dundon will serve as the Trail Blazers’ Governor, taking over leadership after the 38-year era under Paul Allen and his sister Jody Allen. The transition represents one of the largest NBA franchise transactions in recent history.
Portland enters the final stretch of the 2025-26 season under interim coach Tiago Splitter, who has led a balanced roster featuring Deni Avdija, Shaedon Sharpe, Jrue Holiday, and Scoot Henderson. Avdija is averaging 23.8 points, 6.9 rebounds, and 6.7 assists over 60 games this season. Sharpe contributes 21.4 points per game, while Grant himself adds 18.6 points, 3.5 rebounds, and 2.1 assists in 57 contests.
The team currently sits 9th in the Western Conference with a 38-38 record. Donovan Clingan has been a reliable presence at center, averaging 12.2 points and 11.7 rebounds per game, while Jrue Holiday continues to anchor the backcourt with 15.8 points and 6.1 assists per contest.
The Trail Blazers’ playoff positioning remains precarious, with the 10th-seeded Golden State Warriors just 1.5 games back.
