Trail Blazers Officially Sold: A New Era Begins in Portland
Portland, Oregon – In a monumental shift for the NBA and the city of Portland, the Portland Trail Blazers have officially been sold to a group of investors led by Tom Dundon, owner of the Carolina Hurricanes (NHL). The deal, finalized on Friday, September 12, 2025, is valued at approximately $4 billion, marking one of the largest franchise sales in NBA history. This breaking news impacts not only basketball fans but also the future of sports ownership and philanthropic endeavors.
From Paul Allen’s Vision to Dundon’s Leadership
The sale concludes a process initiated after the passing of Paul Allen, the co-founder of Microsoft, in 2018. Allen purchased the Trail Blazers in 1988 for a mere $70 million, transforming the franchise into a cornerstone of the NBA and a beloved symbol of Portland. His sister, Jody Allen, managed the team through the Paul G. Allen Trust, honoring his wish to dedicate proceeds from the sale to philanthropic initiatives. This isn’t just a business transaction; it’s the culmination of a legacy and a commitment to giving back.
Portland Trail Blazers general manager Joe Cronin (left) and head coach Chauncey Billups. (Jaime Valdez-Imagn Images)
Who is Tom Dundon and What Does This Mean for the Blazers?
Tom Dundon, 53, brings significant experience in sports management to the table, having acquired a stake in the Carolina Hurricanes in 2017 and becoming majority owner the following year. Beyond hockey, Dundon leads Dundon Capital Partners, a Dallas-based investment firm. The investor group isn’t solely Dundon, however. It comprises a diverse collection of wealthy entrepreneurs, signaling a long-term commitment to the Trail Blazers and a blend of international investment with local Portland ties. This diversified ownership structure is increasingly common in professional sports, offering stability and broader resources.
A Record-Breaking Offseason for NBA Franchises
The Trail Blazers sale is the third major NBA franchise transaction this offseason, following similar record-breaking deals for the Boston Celtics and Los Angeles Lakers. This wave of sales highlights the soaring value of NBA teams and the growing interest from investors seeking a piece of the league’s global appeal. The NBA’s continued growth, fueled by international viewership and lucrative media deals, makes franchise ownership an increasingly attractive investment. The final step in the process is ratification by the NBA Board of Governors, expected to occur in the coming months, finalizing the sale by the end of 2025.
The Future of Portland Sports and Philanthropic Impact
Crucially, Dundon has repeatedly assured fans that the Trail Blazers will remain in Portland, alleviating concerns about relocation. While the future of the Seattle Seahawks (NFL) and a 25% stake in the Seattle Sounders (MLS), also part of Paul Allen’s estate, remains undefined, the focus is currently on successfully transitioning the Trail Blazers. The funds generated from the sale will significantly bolster Paul Allen’s philanthropic endeavors, continuing his commitment to addressing pressing global challenges. This sale isn’t just about basketball; it’s about a lasting impact on communities worldwide.
The change in ownership marks a pivotal moment for the Portland Trail Blazers, promising a new chapter filled with potential. As the NBA continues to evolve, the Blazers, under new leadership, are poised to navigate the challenges and opportunities ahead, all while honoring the legacy of Paul Allen and remaining a vital part of the Portland community. Stay tuned to archyde.com for continued coverage of this developing story and in-depth analysis of the NBA landscape.
