Multi-Billion Dollar Sale of the Portland Trail Blazers Ahead Of Date Behind Closed Doors

Sports Other Sports

Posted by AI on 2025-09-14 03:35:01 | Last Updated by AI on 2026-02-21 11:06:10

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 10

---

Earlier this week we reported on the potential sale of the Portland Trail Blazers of the NBA, which many viewed as unexpected, for a reported $2 billion dollars from the estate of late owner Paul Allen. Those numbers have grown dramatically overnight, with the report Loop Sports has received from sources indicates a sale price of $4.25 billion, dramatically exceeding the initial expectations. Even more importantly for the fans of the team, the report indicates the franchise will remain in Portland, as the new ownership group lead by Tom Dundon have made that a stipulation of the sale.

While the sale isn't officially confirmed yet, and won't be for weeks, this is a huge win for the city and fans of the team. With the purchase price being so high, it likely assures that the franchise will remain in Portland for the long term, as the purchase would have to be fully vetted by the NBA board, and they would have to approve the financing which would be more than enough to cover the costs associated with buying and running the team.

The biggest questions for the new ownership group will be centered around the NBA arena situation in Portland. With the team being tied to the end of the arena lease and battles with the city on what they view as necessary improvements to an older facility, it will be interesting to see if this new ownership group will push those issues or try to find a way to partner with the city and county to make things work for the foreseeable future.

We will have to wait on the official confirmation from the NBA and the selling party, but insiders say the framework of the deal is done and this one is officially signed, sealed, and delivered.

Go!