Tom Dundon has secured an agreement to buy the Portland Trail Blazers for approximately $4 billion from Paul G. Allen's estate. He confirmed there are no relocation plans for the team. Dundon's ownership group consists of Marc Zahr and Sheel Tyle. They aim to engage in talks regarding a public/private partnership for a new arena in Portland. Allen's estate intends to donate the sale proceeds to philanthropy, following his wish stated in his will to sell the franchise.
Tom Dundon plans to purchase the Portland Trail Blazers for approximately $4 billion from Paul Allen's estate. He assures that he will not relocate the team.
Dundon’s ownership group includes Marc Zahr and Sheel Tyle, aiming to discuss a public/private arena partnership with Portland and Oregon.
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