{"id":158553,"date":"2025-08-14T04:11:22","date_gmt":"2025-08-14T04:11:22","guid":{"rendered":"https:\/\/www.rawchili.com\/nhl\/158553\/"},"modified":"2025-08-14T04:11:22","modified_gmt":"2025-08-14T04:11:22","slug":"carolina-hurricanes-owner-tom-dundon-strikes-tentative-deal-to-buy-the-portland-trail-blazers","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nhl\/158553\/","title":{"rendered":"Carolina Hurricanes owner Tom Dundon strikes tentative deal to buy the Portland Trail Blazers"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Tom Dundon, majority owner of the Carolina Hurricanes talks to the media about his US$250-million investment in the Alliance of American Football league before the start of an NHL hockey game between the New York Rangers and the Carolina Hurricanes in Raleigh, N.C, Tuesday, Feb. 19, 2019.Chris Seward\/The Associated Press<\/p>\n

Paul Allen\u2019s estate has agreed to a tentative agreement to sell the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon. <\/p>\n

Dundon confirmed the agreement in a text exchange with The Associated Press on Wednesday. He also confirmed plans to keep the team in Portland.<\/p>\n

The group includes Sheel Tyle, the co-founder of investment firm Collective Global, and Marc Zahr, co-president of Blue Owl Capital.<\/p>\n

The NBA board of governors must ratify any final purchase agreement. ESPN reported Wednesday that the deal was for US$4-billion. Dundon did not reveal the terms of the sale to the AP.<\/p>\n

CNBC earlier this year valued the Trail Blazers at US$3.65-billion. In March, the Boston Celtics sold for US$6.1-billion.<\/p>\n

Dundon, 53, bought a stake in the Hurricanes in 2017 and became the majority owner in 2018. He is chairman and managing partner of the Dallas-based firm Dundon Capital Partners.<\/p>\n

Allen\u2019s estate announced in May that it had begun the process of selling the Trail Blazers. The billionaire co-founder of Microsoft, who died in 2018 at age 65 from complications of non-Hodgkin lymphoma, originally bought the Blazers in 1988 for US$70-million.<\/p>\n

Allen also owned the NFL\u2019s Seattle Seahawks and was a co-owner of Major League Soccer\u2019s Seattle Sounders.<\/p>\n

Since his death, Allen\u2019s sister, Jody Allen, has served as chair of both teams and is a trustee of the Paul G. Allen Trust. Paul Allen stipulated in his will the eventual sale of his teams, with the proceeds given to philanthropic endeavours.<\/p>\n

The estate has not announced plans for the sale of the Seahawks or the 25-per-cent stake in the Sounders.<\/p>\n

Jody Allen reportedly rebuffed an offer to buy the Trail Blazers from Nike co-founder Phil Knight for more than US$2-billion in 2022. At that time, there were no ongoing discussions about the sale of the teams, she said in a rare statement. <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Tom Dundon, majority owner of the Carolina Hurricanes talks to the media about…\n","protected":false},"author":2,"featured_media":158554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5107],"tags":[1018,1001,1019,967,991,1020,19,990,1008,1009,1004,992,989,194,29,5176,1014,1016,1013,1007,1000,1030,993,994,1006,5,195,1002,1003,997,1021,998,1025,1026,4,1028,1023,1027,786,1024,995,1011,1012,333,1010,1022,86,1015,1017,1005,999,996,1029],"class_list":{"0":"post-158553","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-carolina-hurricanes","8":"tag-alberta","9":"tag-arts-news","10":"tag-bc","11":"tag-breaking-news","12":"tag-breaking-news-video","13":"tag-british-columbia","14":"tag-canada","15":"tag-canada-news","16":"tag-canada-sports","17":"tag-canada-sports-news","18":"tag-canada-trafficcanada-weather","19":"tag-canadian-breaking-news","20":"tag-canadian-news","21":"tag-carolina","22":"tag-carolina-hurricanes","23":"tag-carolinahurricanes","24":"tag-economy","25":"tag-education","26":"tag-environment","27":"tag-federal-government","28":"tag-foreign-news","29":"tag-globe-and-mail","30":"tag-globe-and-mail-breaking-news","31":"tag-globe-and-mail-canada-news","32":"tag-government","33":"tag-hockey","34":"tag-hurricanes","35":"tag-life-news","36":"tag-lifestyle","37":"tag-local-news","38":"tag-manitoba","39":"tag-national-news","40":"tag-new-brunswick","41":"tag-newfoundland-and-labrador","42":"tag-nhl","43":"tag-northwest-territories","44":"tag-nova-scotia","45":"tag-nunavut","46":"tag-ontario","47":"tag-pei","48":"tag-photos","49":"tag-political-news","50":"tag-political-opinion","51":"tag-politics","52":"tag-politics-news","53":"tag-quebec","54":"tag-sports-news","55":"tag-technology","56":"tag-travel","57":"tag-trudeau","58":"tag-us-news","59":"tag-world-news","60":"tag-yukon"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/158553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/comments?post=158553"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/158553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media\/158554"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media?parent=158553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/categories?post=158553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/tags?post=158553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}