Another NBA team is set to usher in new ownership.
Following monster sales of the Los Angeles Lakers and Boston Celtics this year, the Portland Trail Blazers have found new leadership. ESPN’s Shams Charania reported on Wednesday morning that Tom Dundon has agreed to purchase the Portland Trail Blazers from the estate of former primary owner Paul G. Allen.
Passing away in 2018, the family of Allen has controlled the team until officially announcing plans to sell in May. They have now cashed in on a $4 billion valuation, according to Charania. Dundon is also the current owner of the NHL’s Carolina Hurricanes.
NHL Carolina Hurricanes owner Tom Dundon has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion, sources tell ESPN.
— Shams Charania (@ShamsCharania) August 13, 2025NBA’s Portland Trail Blazers Finally Land New Ownership
The Oregonian quickly went on to confirm the news, sharing that new owner Tom Dundon has no plans to move the NBA franchise out of state despite controlling a team on the opposite coast. Dundon will also purchase the team as a part of a group that features the Co-President of Blue Owl Capital, Marc Zahr, and local Portland businessman Sheel Tyle, per the Oregonian.
While the price tag may not match the astronomical numbers seen by the Lakers ($10.0 billion) and Celtics ($6.1 billion), it continues to underscore a major valuation boom for the NBA. CNBC’s 2025 team valuations labeled the Trail Blazers as the 22nd-most expensive franchise in the NBA, giving them an estimated sale price of $3.65 billion. They have reportedly surpassed that number and have matched the Phoenix Suns’ $4.0 billion cost in 2023.
The news for Portland also comes as the organization attempts to re-enter the competitive mix. Rebuilding for the past several seasons, the front office went out of its way to add multiple veterans around their developing talent this offseason. They surprisingly acquired Jrue Holiday from the Boston Celtics before re-signing franchise legend Damian Lillard to a multi-year deal. New ownership will always come with new ideas, but this is a team that appears eager to move up the Western Conference ladder.
Speaking of which, I wouldn’t be doing my job if I didn’t look at things through a Chicago Bulls lens. The franchise certainly hopes that new ownership remains aggressive in building out a more competitive roster. The Bulls’ front office currently owns a lottery-protected first-round pick from the Trail Blazers. The sooner they look like a team ready to return to the postseason, the more valuable that selection becomes.
One also has to wonder if this surge in NBA sales has made an impression on the Reinsdorf family. Purchasing the team in 1985 for a mere $16.0 million, Jerry Reinsdorf has seen a monstrous return on his investment. Especially with smaller market teams going for the price of $4.0 billion, there is reason to believe that Chicago can reach a sale price near or north of the Celtics’ $6.1 billion number. Would that be something worth looking into?
For what it’s worth, the Reinsdorfs did announce a plan to sell their stake in the Chicago White Sox in June. To be sure, most signs point to the family preferring to remain in full control of the Bulls, but we all know money talks.
(Photo by Matthew Stockman/Getty Images)Hence then, the article about another nba sale third team finds new ownership in 2025 was published today ( ) and is available on Bleacher Nation ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Another NBA Sale: Third Team Finds New Ownership in 2025 )
Also on site :