The NBA Board of Governors has unanimously approved …

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The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon, a league source told The Athletic. The transaction, valued at approximately $4.25 billion, will mark the first time since 1988 that the Blazers have not been owned by Paul Allen or his sister, Jody. The sale will be a two-part deal: 80.1 percent is being bought at a $4 billion valuation and will close March 31.

New York Times

This article originally appeared on Hoops Hype: The NBA Board of Governors has unanimously approved …

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