https://www.kgw.com/article/sports/nba/blazers/tom-dundon-buying-portland-trail-blazers-sale/283-1156b549-dc60-4424-9905-1ca2e28b79ef
PORTLAND, Ore. — Tom Dundon, owner of the NHL's Carolina Hurricanes, has a tentative deal to purchase the Portland Trail Blazers from the estate of Paul Allen, according to multiple reports.
Sportico's Scott Soshnick and Eben Novy-Williams first reported the agreement, later confirmed by ESPN's Shams Charania, who reported the sale price is for more than $4 billion.
The buying group also includes Marc Zahr, co-president of Blue Owl Capital, and Portland-based Sheel Tyle, co-CEO of Collective Global, according to Sportico.
Sportico reported the prospective owners plan to keep the Trail Blazers in Portland. Bill Oram of The Oregonian, citing a source familiar with the proceedings, confirmed that claim, reporting that the group "is passionate about basketball and intends to keep the team in Portland, where it belongs."
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