Tom Dundon, owner of the NHL’s Carolina Hurricanes, has reached an agreement to acquire the NBA’s Portland Trail Blazers, according to sources confirmed to Alofoke Deportes.<\/p>\n
The transaction, coming from the estate of Paul G. Allen, is valued at just over $4 billion.<\/p>\n
Dundon intends to keep the team in Portland, sources reported. Dundon’s group includes Marc Zahr (co-chairman of Blue Owl Capital) and Sheel Tyle (founder and co-CEO of Collective Global, based in Portland).<\/p>\n
The Trail Blazers announced in May that they were formally for sale, and the proceeds from the sale will go to philanthropic initiatives.<\/p>\n
Allen died of cancer in 2018, and his will stipulated that the franchise be sold “at some point.” Jody Allen, Allen’s sister, has acted as the team’s governor and executor of the Paul Allen Trust during this time.<\/p>\n
The trust has stated that the NFL’s Seattle Seahawks, which are also owned by the estate, will not be part of the sale. Neither is the 25% stake in the MLS’s Seattle Sounders.<\/p>\n
The trust made the decision to sell the Blazers following several key events over the past year. The NBA agreed to new 11-year media rights deals with ESPN, NBC, and Amazon for a total of $77 billion. In 2024, the Blazers sold their arena, the Moda Center, to the city of Portland for $1 and the land under the arena for $7 million. It then launched a public-private partnership to renovate the arena and surrounding area that included a new lease until 2030.<\/p>\n
The Dundon group plans to discuss a public-private partnership for a stadium deal with the city and state, according to sources.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tom Dundon Acquires the Portland Trail Blazers for Over $4 Billion Tom Dundon, owner of the NHL’s Carolina Hurricanes, has reached an agreement to acquire the NBA’s Portland Trail Blazers, according to sources confirmed to Alofoke Deportes. The transaction, coming from the estate of Paul G. Allen, is valued at just over $4 billion. Dundon […]<\/p>\n","protected":false},"author":1,"featured_media":25113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[103,4892,7211,2195],"class_list":{"0":"post-25112","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nba","8":"tag-nba","9":"tag-portland","10":"tag-tom-dundon","11":"tag-trail-blazers"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/25112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/comments?post=25112"}],"version-history":[{"count":0,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/25112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media\/25113"}],"wp:attachment":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media?parent=25112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/categories?post=25112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/tags?post=25112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}