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Hurricanes owner Tom Dundon strikes tentative deal to buy the Portland Trail Blazers

Tom Dundon leads a group including Marc Zahr and Sheel Tyle to buy the Trail Blazers for over $4 billion, with all sale proceeds directed to philanthropy per Paul Allen's will.

  • Paul Allen's estate has agreed to tentatively sell the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon.
  • Dundon confirmed the agreement and plans to keep the team in Portland.
  • The reported deal is for $4 billion, and will require league approval.
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According to ESPN, US billionaire Thomas Dundon is buying the NBA basketball club Portland Trail Blazers for just over four billion US dollars.

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KGW 8 broke the news in Portland, United States on Wednesday, August 13, 2025.
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