Others in the group include Blue Owl Capital co-president Marc Zahr and Portland-based Sheel Tyle, co-CEO of Collective Global, according to the people, who were granted anonymity because the details were private. The new group intends to keep the team in Portland, the people said.

It’s unclear how the team is being valued in the transaction or when it may close. “We are excited,” Dundon said in an email. Allen’s estate declined to comment. Sportico values the team at $3.6 billion.