Taavet Hinrikus joins Portland Trail Blazers ownership group

Estonian businessman Taavet Hinrikus is now part of the ownership group for the NBA's Portland Trail Blazers. A consortium of investors recently acquired a majority stake in the team in a deal worth $4.25 billion. Hinrikus, investing through his firm Skaala Investments, expressed that this milestone represents a significant honor and aligns with their philosophy of investing in ventures with long-term value. Fellow Estonian Sten Tamkivi has a minor stake in the firm. The acquisition marks a notable shift in the Blazers' ownership structure.

• 2:34 PMYahoo Sports — Estonian businessman Taavet Hinrikus is among the new …