
Hurricanes owner Tom Dundon strikes tentative deal to buy the Portland Trail Blazers
A group led by Carolina Hurricanes owner Don Dundon has reached a tentative agreement with Paul Allen’s estate to buy the Trail Blazers and keep the team in Portland. Dundon confirmed the agreement in a text exchange with The Associated Press on Wednesday. The group includes Sheel Tyle, the co-founder of investment firm Collective Global, and Marc Zahr, co-president of Blue Owl Capital. The NBA Board of Governors has to ratify any final purchase agreement. ESPN reported Wednesday that the deal was for $4 billion. Dundon did not reveal the terms of the sale to the AP.