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QuoteThe NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon, a league source told The Athletic. The deal is structured at an approximate total value of $4.25 billion.The transaction ends the Allen family's ownership era dating to 1988. It is structured in two stages: an 80.1 percent stake closes March 31 at a $4 billion valuation, with the remaining 19.9 percent closing no later than September 1, 2028, at a $4.5 billion valuation. During the interim period, former Blazers chairman Bert Kolde will observe board meetings without governance authority.Makes the expansion fees even weirder. How did they get Portland so cheap?
The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon, a league source told The Athletic. The deal is structured at an approximate total value of $4.25 billion.The transaction ends the Allen family's ownership era dating to 1988. It is structured in two stages: an 80.1 percent stake closes March 31 at a $4 billion valuation, with the remaining 19.9 percent closing no later than September 1, 2028, at a $4.5 billion valuation. During the interim period, former Blazers chairman Bert Kolde will observe board meetings without governance authority.
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Topic: Expansion/Re-Alignment (Read 31580 times)