Paul Allen’s Estate Reaches Deal With Dundon for Trail Blazers

Paul Allen's estate confirms Tom Dundon wants to buy Trail Blazers, reveals other eager investors

The estate of Paul Allen, co-founder of Microsoft, confirmed that it is trying to sell the NBA's Portland Trail Blazers to Tom Dundon, the Dallas billionaire who also owns the NHL’s Carolina Hurricanes. Check out the statement and learn more about other investors in Dundon's group. The deal still needs approval from the NBA Board of Governors.

Paul Allen’s Estate Reaches Deal With Dundon for Trail Blazers

The NBA Board of Governors has to approve any final purchase agreement and the sale is expected to close by the end of the year.