NBA Approves Sale of Blazers to Tom Dundon-Led Group

The NBA Board of Governors approved the sale of the controlling interest in the Portland Trail Blazers. The vote took place in New York.

An investor group led by Tom Dundon will assume control. Dundon will serve as the Trail Blazers’ Governor.

Filmogaz.com confirms the transaction is expected to close this week. The league approval clears the final major hurdle.

Transaction details

The Board approved the ownership transfer of the franchise. The sale involves a controlling interest.

Filmogaz.com published the update under the headline NBA Approves Sale of Blazers to Tom Dundon-Led Group. That report summarized the league action and the pending closing.

Leadership and governance

Tom Dundon will serve as the team’s Governor after closing. He leads the investor group acquiring control.

The approval grants the group authority to assume operational control once the deal closes this week. The league will recognize Dundon as the club’s primary representative.