By Mike Vorkunov, Sam Amick and James Mirtle Billionaire financier Tom Dundon and a group of investors have an agreement to buy the Portland Trail Blazers. Dundon is also the owner of the NHL’s Carolina Hurricanes, which confirmed his effort to purchase the Trail Blazers in a statement to The Athletic. Dundon later confirmed to The Athletic that he is …
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The Portland Trail Blazers will have a new owner — and he intends to keep the team in the city that has been its home since its founding in 1970. Sources confirmed to The Oregonian/OregonLive that Paul Allen’s estate has agreed to sell the team to Carolina Hurricanes owner Tom Dundon. Dundon heads a group to buy the team that …
Read More »Carolina Hurricanes owner Tom Dundon reportedly reached an agreement to buy the Portland Trail Blazers from the estate of deceased owner Paul Allen, Eben Novy-Williams of Sportico reported Wednesday. Dundon will reportedly pay over $4 billion for the franchise, per ESPN’s Shams Charania. Advertisement Allen, a co-founder of Microsoft, purchased the Trail Blazers for $70 million in 1988. Allen was …
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Carolina Hurricanes owner Tom Dundon has reached a tentative agreement to buy the Portland Trail Blazers from Paul Allen’s estate, according to people familiar with the details. Others in the group include Blue Owl Capital co-president Marc Zahr and Portland-based Sheel Tyle, co-CEO of Collective Global, according to the people, who were granted anonymity because the details were private. The …
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