The Paul G. Allen Estate will retain a 20 percent share in the Blazers under the terms outlined in the proposed sale to Tom Dundon’s group. John Canzano reported on details of the agreement today.

If the sale is approved by the league, Dundon becomes the “majority governor” despite owning a slightly smaller percentage of the team. He’ll represent the Portland franchise at league Board of Governors meetings.

The Allen family has governed the Trail Blazers since 1988. When Paul Allen died in 2018, his will stipulated that the component parts of his estate, including the team be sold. So, don’t expect the Allen Estate to remain in the Blazers business for long.

Front Office Sports reports the sale of the Blazers will unfold in multiple stages:

The deal is expected to close in March 2026 a

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