Episode Details
Back to Episodes
Trail Blazers Layoffs: New Owner's Cost-Cutting Measures
Description
New Trail Blazers Owner Tom Dundon Makes Waves: Layoffs and Arena Renovations
The Portland Trail Blazers are undergoing significant changes following the recent sale of the team to new owner Tom Dundon. Dundons cost-cutting measures have led to layoffs, affecting both business and basketball operations, with reports suggesting up to seventy people were let go. This shift comes just months after the NBA approved the sale for $4.25 billion.
The teams president of business operations, Dewayne Hankins, acknowledged the difficulty of these changes, expressing gratitude for the contributions of those affected. The new ownership group is also negotiating with local and state officials to secure funding for arena renovations and a long-term lease, ensuring the Trail Blazers future in Portland. The Oregon Legislature recently approved funds for arena upgrades, a positive step towards the franchises future.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/f75cf64e0122019b