Trail Blazers Sold For $4B, Financed By Car Loan DLCs
Portland’s beloved Trail Blazers, after 30 years of being more loyal than your ex, got sold to Texan Tom Dundon for a legendary $4 billion — aka Monopoly money on steroids. Dundon is famous in Oregon not for slam dunks but for his role in Santander Consumer USA and Exeter Finance — companies accused of using predatory lending practices, like charging 28% interest on a 2014 Chrysler 300 for AshLe’ Penn, a single mom who ended up living in her car during a nighttime repo standoff worthy of a crime drama. Despite a $550 million lawsuit settlement and ongoing investigations, our dear Governor Kotek and Mayor Wilson are kinda playing peekaboo on Dundon's shady past while promising to sprinkle millions of public cash on arena renovations. Dundon himself is ghosting reporters until after deal closure, proving sometimes the real MVP move is the silent one.
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Congrats to Tom Dundon: bought a basketball team with billions muddied by car loans so ruthless even repossessions become existential crises. Trail Blazers now 'powered by subprime dreams and nightmare interest rates.'
In case you needed proof that owning a sports team is the ultimate redemption arc, Tom Dundon’s $4B Trail Blazers buy funded by questionable car loans screams 'second chances for billionaires, rent-a-car nightmares for mortals.'
Portland's new Blazers owner is basically a used-car-salesman-wizard who turned 28% interest loans and repo drama into a $4 billion NBA ticket. Bleacher Report, but make it predatory economics!
Source: Propublica | Published: 10/3/2025 | Author: by Tony Schick and Conrad Wilson, Oregon Public Broadcasting
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