All articles tagged with #tom dundon
Tom Dundon, the buyer of the Portland Trail Blazers, built his fortune through subprime auto loans and predatory lending practices, which have led to legal investigations and concerns about his suitability as an NBA owner, especially given his controversial financial history and its potential impact on public funding for a new arena in Portland.
Paul Allen's estate has agreed to sell the Portland Trail Blazers to a group led by Tom Dundon, with the deal valued at $4.25 billion and pending NBA approval, aiming to keep the team in Portland and potentially revitalize the arena and surrounding district.
The Portland Trail Blazers are set to be sold to NHL team owner Tom Dundon and a group of investors, with the sale motivated by plans to relocate the franchise, as the Paul Allen estate agrees to sell the NBA team.
An open letter to Tom Dundon emphasizes the cultural and emotional significance of the Portland Trail Blazers to Oregonians, warning him that acquiring the team is about more than just business—it's about respecting a cherished community treasure.
Tom Dundon has reportedly agreed to purchase the Portland Trail Blazers from the estate of Paul Allen for over $4 billion, marking a significant change in ownership for the NBA team, which was previously owned by Allen since 1988.
The Portland Trail Blazers are set to be sold to Tom Dundon, owner of the Carolina Hurricanes, with the team remaining in Portland, pending NBA approval. The sale, reportedly around $4 billion, aims to keep the franchise local amid previous concerns about its future, and involves local investors and potential new arena developments.
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.