NBA Greenlights Tom Dundon Portland Trail Blazers Sale

Merlin sees the NBA has approved the sale of the Portland Trail Blazers to a group led by Tom Dundon at a $4.25 billion valuation. The deal closes in two parts, with 80.1 percent on March 31 and the remaining 19.9 percent closing "no later" than Sept. 1. Bert Kolde will attend board meetings but will not make decisions during the interim. Paul Allen’s estate is moving on, and his will called for eventual sales with proceeds going to philanthropy. Merlin notes Dundon, who owns the Carolina Hurricanes, has signaled he plans to keep the team in Portland. New ownership should bring steadier leadership as the Blazers push for a playoff spot, and the March close could shape short term roster choices. Fans should watch whether Dundon keeps the front office or begins making changes that affect late season fortunes.