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, a minority investor in Tom Dundon's ownership group.
The Cherng family is part of the group that signed a purchase agreement to buy the Trail Blazers, beating out a bid from RAJ Sports, which controls the Portland Thorns and the Portland Fire.
"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 Sports said in a statement. According to reports, Tom Dundon helped facilitate the resolution between the Bhatals and the Cherngs.
Author's summary: RAJ Sports drops lawsuit against Cherng family.