NBA approves sale of Trail Blazers to Tom Dundon-led group
(Photo credit: James Guillory-Imagn Images)
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 late