Portland Trail Blazers Being Sold to NHL Owner for Over $4 Billion

Tom Dundon, the owner of the National Hockey League’s Carolina Hurricanes, has agreed to purchase the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion, per ESPN’s Shams Charania.

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NHL Carolina Hurricanes owner Tom Dundon has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion, sources tell ESPN.

— Shams Charania (@ShamsCharania) August 13, 2025

According to Sportico, others in the group include Blue Owl Capital co-president Marc Zahr and Portland-based Sheel Tyle, the co-CEO of Collective Global.

It appears the new ownership has no plans to move the Blazers out of Portland.

According to Sportico, the new group of buyers “intends to keep the team in Portland.”

According to The Oregonion / OregonLive: “A source familiar with the proceedings said the group ‘is passionate about basketball and intends to keep the team in Portland, where it belongs.'”

This story will be updated…