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

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…

Dundon to buy Trail Blazers?

Paul Allen's estate has agreed to a tentative agreement to sell the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon, a person with knowledge of the negotiations told The Associated Press on Wednesday.

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…