Carolina Hurricanes owner Tom Dundon has reportedly reached a tentative deal to purchase the NBA’s Portland Trail Blazers from the estate of late owner Paul Allen, according to Sportico.
“We are excited,” Dundon said in an email to the sports business outlet.
The prospective ownership group also includes Blue Owl Capital co-president Marc Zahr and Portland-based Sheel Tyle, co-CEO of Collective Global, sources told Sportico. The group reportedly plans to keep the franchise in Portland.
Dundon, who acquired the NHL’s Hurricanes in 2018 for $425 million, also holds majority ownership stakes in the PPA Tour and Major League Pickleball. If the deal is finalized, he will serve as the Trail Blazers’ governor.