Tom Dundon to Acquire Portland Trail Blazers in $4 Billion Deal

Carolina Hurricanes owner Tom Dundon, along with a group including Marc Zahr and Sheel Tyle, has reached a tentative agreement to buy the Portland Trail Blazers from Paul Allen’s estate, with plans to keep the team in Portland. The deal, valued at approximately $3.6 billion, requires NBA approval and is part of the estate's plan to sell assets for philanthropy following Allen's death in 2018.