NBA: majority stake in Portland Trail Blazers sold for $4bn to group led by Tom Dundon

"The NBA board of governors has approved the sale of the controlling interest in the Portland Trail Blazers to an investor group led by Tom Dundon, who will serve as the Trail Blazers’ governor. The transaction is expected to close this week," the National Basketball Association announced on 30/03/2026.

The investor group includes Tom Dundon, chairman of Dundon Capital Partners, as well as Sheel Tyle (co-founder of Collective Global), Marc Zahr (co-president of Blue Owl Capital), and Cherng Family Trust, the family office of the co-founders of Panda Express.

The consortium is acquiring the majority stake held by the estate of Paul Allen, who died in 2018 (and had purchased the Blazers in 1988 for $70m), for an estimated $4bn (€3.6bn), according to ESPN on 13/08/2025.

The consortium is acquiring the majority stake held by the estate of Paul Allen, Microsoft co-founder who died in 2018 (and who purchased the Blazers in 1988 for $70m), for an estimated $4bn (€3.6bn), according to US media outlet ESPN on 13/08/2025.

By comparison:
• the acquisition of the Boston Celtics by a group led by…