A new era has officially begun in Portland, with fresh leadership promising to reshape the franchise’s future. Yankee Scores reports.
Dundon Leads New Ownership
Following unanimous approval from the NBA Board of Governors, the Rip City Rising ownership group led by Tom Dundon has completed its acquisition of the Portland Trail Blazers, Rip City Remix, and Rip City Management. Dundon will serve as Governor, joined by Marc Zahr, Stan Middleman, Andrew Cherng, and Sheel Tyle as Alternate Governors.
A Diverse Group of Investors
The multi-family ownership group includes the Dundon, Zahr, Middleman, Cherng, and Tyle families, alongside Richard Chaifetz, Marc Grandisson, Nayel Nassar and Jennifer Gates, Taavet Hinrikus, and Dan Zilberman. Together, they bring extensive business expertise and a shared passion for basketball. Their stated mission is to build a perennial contender, elevate the fan experience, and ensure long-term success for the franchise.
Dundon’s Commitment to Fans
“Today is the beginning of a new chapter for the Portland Trail Blazers, as we build on the legacy of this storied franchise,” Dundon said. “On behalf of our ownership group, my commitment to this tremendous fan base is that we are going to be relentless towards building a team that can compete at the highest level, every single season.”
Advisors and Next Steps
The Rip City Rising group was advised by Goldman Sachs, LionTree Advisors, and Kirkland & Ellis during the transaction. The Trail Blazers will formally introduce Dundon, Cherng, and Tyle on Thursday, April 2 at 3 p.m. at Moda Center, with details and RSVP information to follow.
