PORTLAND Ore. (KPTV) - The owners of Portland’s new WNBA team have dropped a lawsuit against a partner in an investment group that reached an agreement to purchase the Portland Trail Blazers last month.

RAJ Sports, owners of the Portland Thorns and Portland Fire - who will begin play in the WNBA in 2026 - announced that they had settled the lawsuit out of court in a statement obtained by FOX 12:

“We are pleased to have reached a resolution out of court which we believe recognizes our position while also preserving the future of basketball in Portland. We look forward to working closely with the Trail Blazers as the Fire join them at Moda Center next Spring.”

The lawsuit stems from a partner in Tom Dundon’s investment group, the Cherng Family Trust, run by the co-founders of Panda Expr

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