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Sources: Tom Dundon to buy Trail Blazers, keep team in Portland

lokol.com Team
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[From ESPN]

Tom Dundon, the owner of the NHL's Carolina Hurricanes, has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of just more than $4 billion, sources confirmed to ESPN on Wednesday.

Dundon intends to keep the team in Portland, sources confirmed to ESPN. Other members of Dundon's group includes Marc Zahr (co-president of Blue Owl Capital) and Sheel Tyle (Portland-based founder and co-CEO of Collective Global).

Sportico was first to report the agreement.

The Trail Blazers announced they were formally up for sale in May, with proceeds of the sale going to philanthropic endeavors.

...[continued]

Read more of ESPN's story HERE

SOURCE www.espn.com

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https://nba.lokol.me/s/sources-tom-dundon-to-buy-trail-blazers-keep-team-in-portland-59963-10415085
Tom Dundon, the owner of the NHL's Carolina Hurricanes, has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of just m…
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