NBA approves sale of Trail Blazers to Tom Dundon-led group
By Field Level Media The NBA Board of Governors approved the sale of the Portland Trail Blazers from the estate of Paul Allen to a group led by Carolina Hurricanes owner Tom Dundon, the league announced Monday. Valued at approximately $4.25 billion, the transaction will be a two-part deal, with 80.1% being bought this week, closing by March 31, and the remaining 19.9% to close no later than Sept. 1, […]