Tom Dundon to buy the Portland Trail Blazers from Paul Allen estate
Tom Dundon, the owner of Carolina Hurricanes, speaks with the media before a NHL match against New York Rangers in PNC Arena in North Carolina on February 19, 2019.
Karl Deblaker | National Hockey League | Getty Images
In his statement to CNBC, Tom Dundon, owner of Carolina Hurricanes, reached a temporary agreement to buy Portland Trail Blazers from Paul Allen’s property.
Dundon refused to meet the conditions of the proposed sale, but he said it was “very excited”. CNBC’s latest official NBA team values Trail Blazers with a $ 3.65 billion value.
Dallas, a 53 -year -old businessman, is the president of Texas -based Dundon Capital Partners.
He is also a passionate sports owner. In 2017, he agreed to buy a control of NHL’s Carolina Hurricanes, and the majority of the Pro Pickleball Association and the majority of Major League Pickleball.
If the acquisition of Trail Blazers was approved, the Dundon and the ownership team would take over the property of the late Microsoft founding partner. Allen’s sister Jody Allen has been running the team since her death in 2018.
In 2022, Nike The founding joint common Phil Knight reported more than $ 2 billion for the team, but Allen rejected.
The NBA refrained from commenting. Trail Blazers did not respond immediately to CNBC’s request for comments. Sportico reported news first Sales.
– Michael Ozanian from CNBC contributed to this report.
