- Tom Dundon owns the Portland Trail Blazers.
- Dundon is the chairman and managing partner of Dundon Capital Partners.
- He bought the Trail Blazers for a little over $4 billion from the estate of Paul Allen.
New ownership for the Portland Trail Blazers was announced in August 2025.
Portland brought Damian Lillard back a month before, hoping he could help the Trail Blazers win games and earn favourable NBA betting lines.
With that said, who owns the Trail Blazers? Let’s find out.
Who Owns the Portland Trail Blazers?
Tom Dundon owns the Trail Blazers.
Dundon is the chairman and managing partner of Dundon Capital Partners, chairman of pickleball.com, and owner of the NHL’s Carolina Hurricanes.
He’s also a majority owner of the PPA Tour and Major League Pickleball.
Dundon bought the Trail Blazers for a little over $4 billion from the estate of Paul Allen.
Is Tom Dundon a Billionaire?
Yes, Dundon is a billionaire.
His net worth is an estimated $1.5 billion, according to Yahoo! Finance.
Are the Blazers Leaving Portland?
No, the Blazers are not leaving Portland.
The new ownership group has expressed a desire to keep the team in Rip City.
How Much Are the Portland Trail Blazers Worth?
The Trail Blazers are worth $3.65 billion, according to CNBC.
How Much Did Paul Allen Buy the Blazers For?
Allen bought the Blazers for $70 million in 1988.
How Much Did Phil Knight Offer To Buy the Blazers?
Phil Knight offered more than $2 billion to buy the Blazers in 2022.
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