Overview
- RAJ Sports filed a notice of dismissal in Delaware Chancery Court after reaching an out-of-court resolution with the Cherng family.
- The withdrawn case had sought a temporary restraining order to bar Andrew and Peggy Cherng from Dundon’s group, alleging a July 24 exclusivity breach.
- Tom Dundon submitted a court declaration stating he expects to complete the acquisition without relying on funding from the Cherngs.
- Settlement terms were not disclosed, and a source said RAJ will not receive an ownership stake in the Blazers if the purchase proceeds.
- The sale awaits NBA Board of Governors approval, and reports indicate the closing is targeted around early 2026 with a reported $4.25 billion valuation.