US EditionNHL Owner to Buy Portland Trail Blazers
Tom Dundon expands his sports ownership by acquiring the Trail Blazers from Paul Allen's estate, continuing plans to keep the team in Portland, officials said.
- Paul Allen's estate agreed in 2025 to sell the Portland Trail Blazers to Tom Dundon, owner of the NHL Carolina Hurricanes, with the sale pending NBA approval.
- The sale follows Paul Allen's 2018 death and his prior directive that the Blazers be sold, with all proceeds designated for philanthropy.
- Dundon's ownership group includes local and national investors, and plans to keep the team in Portland amid concerns about the franchise's future and arena needs.
- The reported sale price exceeds $4 billion, although details remain undisclosed, and NBA Commissioner Adam Silver highlighted the need for a new or renovated arena.
- The transaction's approval will determine the Blazers' continued presence in Portland, reflecting local leaders' efforts to preserve the team in the city.
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Portland Trail Blazers Soon to Have a New Owner After Years of Uncertainty
The new ownership group includes a Portland connection. by Abe Asher After years of uncertainty and months on the market, the Portland Trail Blazers reportedly have a new owner. Multiple outlets including Sportico reported on Wednesday morning that the estate of the team’s late owner Paul Allen has agreed to sell the Trail Blazers to a group headed by Carolina Hurricanes CEO Tom Dundon. Dundon, who was raised in Texas and is chairman of the Da…
Coverage Details
Total News Sources68
Leaning Left20Leaning Right1Center23Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 45%
C 52%
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