By Tom Dundon, owner of the NHL’s Carolina Hurricanes, has agreed to buy the NBA’s Portland Trail Blazers at a valuation $4.25 billion from the estate of Paul Allen, Sportico and other US media reported on Wednesday.
Sportico and ESPN reported that Dundon and his co-investors, who include Portland-based Sheel Tyle, plan to keep the Trail Blazers in the Oregon city.
Microsoft co-founder Allen died from cancer in 2018 and his will called for the Trail Blazers to be sold eventually. Allen’s sister, Jody Allen, has been acting as the team’s governor and executor of the Paul Allen Trust.
