RAJ Sports Drops Lawsuit Involving Trail Blazers Sale
RAJ Sports, a company run by the Bhatal family, has dropped its lawsuit against the Cherng family, one of the minority investors in Tom Dundon's ownership group.
The Cherng family is part of the group that has signed a purchase agreement to buy the Trail Blazers, as reported by Mike Vorkunov of The Athletic.
- Dundon and his group reportedly beat out a bid from RAJ Sports.
- RAJ Sports controls the Portland Thorns in the NWSL and the Portland Fire, the WNBA expansion team.
According to Vorkunov, Dundon helped facilitate a resolution between the Bhatals and the Cherngs.
"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,"
RAJ said in a statement.
Author's summary: RAJ Sports drops lawsuit against Cherng family.