In 1988, Paul Allen paid $70 million for the Portland Trail Blazers; his estate sold the team in a deal valuing it at $4 billion

The Portland Trail Blazers have entered a new ownership era after nearly four decades under the Allen family. Texas businessman Tom Dundon and his investment group completed the acquisition from the estate of Microsoft co-founder Paul Allen in March 2026, ending an ownership period that began with a $70 million purchase in 1988.

Customize Your Newsletter

Yardbarker +

Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!