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.
124 Articles
124 Articles
Portland Trail Blazers sold to owner of Carolina Hurricanes for over $4 Billion
Eben Novy-Williams of Sportico reported Wednesday that Carolina Hurricanes owner Tom Dundon has agreed to purchase the Portland Trail Blazers from the estate of the late Paul Allen for more than $4 billion. Last October, Forbes valued the team at $3.5 billion. Allen, a co-founder of Microsoft, purchased the Blazers for $70 million in 1988. He died in 2018 after being diagnosed with non-Hodgkin lymphoma in 2009. Since his death, the team has been…
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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