PORTLAND, Ore. (AP) — A group led by Carolina Hurricanes owner Don Dundon has reached a tentative agreement with Paul Allen’s estate to buy the Trail Blazers and keep the team in Portland.

Dundon confirmed the agreement in a text exchange with The Associated Press on Wednesday. His group includes Portland-based Sheel Tyle, the co-founder of investment firm Collective Global, and Marc Zahr, co-president of Blue Owl Capital.

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