Tag Archives: deeppocketed

‘Final-hour switch’ by deep-pocketed investor doomed rival bid for Trail Blazers, lawsuit alleges

‘Final-hour switch’ by deep-pocketed investor doomed rival bid for Trail Blazers, lawsuit alleges

RAJ Sports, a rival bidder for the Portland Trail Blazers, thought it could still buy the team after news broke on Aug. 13 that the NHL’s Tom Dundon had reached a deal to acquire the professional basketball franchise. Behind the scenes, RAJ Sports Holdings LLC was still working “feverishly” to finalize a bid that it thought would surpass Dundon’s, according …

Read More »