The Portland Trail Blazers have been sold to a group led by Tom Dundon, ensuring they remain in Portland. This follows the estate sale after the passing of previous owner Paul Allen in 2018. Concerns arose about the team's future due to the uncertainty surrounding ownership, as Allen's will mandated the sale of his sports holdings. Dundon's local connection is seen as a positive sign for fans, while future infrastructural needs, like a new arena, remain a topic of discussion.
The Portland Trail Blazers reportedly have a new owner after selling to a group led by Tom Dundon, which assures the team will remain in Portland.
Dundon intends to keep the Trail Blazers in Portland, alleviating concerns that the team might relocate under new ownership.
The Trail Blazers' uncertain future stemmed from the death of previous owner Paul Allen in 2018 and the subsequent sale directed in his will.
NBA Commissioner Adam Silver indicated that for the team to remain in Portland, the city would likely require a new arena.
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