trail blazers sale paul allen tom dundon hurricanes.

FILE - Tom Dundon, majority owner of the Carolina Hurricanes talks to the media about his $250 million investment in the Alliance of American Football league before the start of an NHL hockey game between the New York Rangers and the Carolina Hurricanes in Raleigh, N.C, Tuesday, Feb. 19, 2019. (AP Photo/Chris Seward, File)

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.

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