[Charania] NHL Carolina Hurricanes owner Tom Dundon has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion, sources tell ESPN.
Source: https://bsky.app/profile/shamsbot.bsky.social/post/3lwca57hdkj2q
26 comments
Why own one red and black spiral logo American sports team when you can own two!
Damn, I was just $4 billion short of winning that bid.
Honestly, thats a great price. Allen estate prob just wanted to get rid of the team
The Jody Allen exotic animal bones/groping saga has finally come to a close.
That has to be the furthest distance between teams from the same ownership group in US Sports.
There are probably multi club ownerships across football/soccer that have less distance to travel
Let’s hope it will be a good ride
I know nothing about Tom Dundon at all. Someone tell me what to think
I’m nervous
Other teams recently: Lakers were sold for $10 billion, Celtics were sold for $6.1 billion, Suns sold for $4 billion, Hornets were sold for $3 billion, Timberwolves were sold for $1.5 billion for reference
Damnn is that a good thing or not
Uh well there’s already a team in Carolina so I certainly hope this guy isn’t planning on moving them.
Hockey sickos and Carolinians, tell me how to feel!!
Let’s see Paul Allen’s team
Glen Taylor fleeced himself when looking at this valuation lol
This is part of a sign and trade for the Charlotte Hornets
PNW basketball team being sold to billionaire in another state. Where have I heard this before…
Hope he’s a good one for Blazer fans.
He is going to slash and burn everything that doesn’t generate revenue in the front office, but will go hard on analytics and spend on the on-court product.
Not the worst trade off.
Blazers for 4 billion but wolves for only 1.5. Everyone point and laugh at glen taylor
If he even thinks about moving the team we will riot and Portland knows how to riot.
The Carolina Hurricanes have won at least 1 playoff series every year since he bought them in 2018. They didn’t make the playoffs at all the decade before that. That seems like a good thing for the Blazers
Portland bout to get top 3 pick next year
If Portland is moved I will completely abandon the NBA, even down to 2k
Portland really needed this. Finally
Now need Balmer to buy the Seahawks 🙏🏽
Do Blazers own their stadium or anything? Maybe a front office building or training building>? Just wondering. I get a kick out of these valuations climbing like they do. If teams don’t own their facilities I like hearing about it compared to their values.
Like what do operating assets of some of these teams look like? A closet full of pain pills, towels, and a dirty hamper of jerseys?
Oregonian is also reporting that the team is going to stay in portland.