The ownership group will purchase the Trail Blazers from the estate of Paul Allen for $4.25 billion.
PORTLAND, Ore. — The NBA Board of Governors voted to approve the sale of the Portland Trail Blazers to a new ownership group led by Tom Dundon on Monday.
The ownership group will pay approximately $4.25 billion to purchase the team from the estate of Paul Allen, the Athletic reported. The sale will be a two-part deal: 80.1% is being bought at a $4 billion valuation and will close March 31. The additional 19.9% is being bought at a $4.5 billion valuation and will close no later than
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