Overview

• The estate of Paul G. Allen announced a signed purchase agreement with a consortium led by Carolina Hurricanes owner Tom Dundon.
• Investors named in the group include Blue Owl’s Marc Zahr, Portland-based Sheel Tyle and the Cherng Family Trust, which has joined as a new backer.
• Reporting cites a blended valuation of roughly $4.25 billion structured across two payments, while specific terms remain undisclosed.
• The buyers have stated the team will remain in Portland, with the transaction still subject to NBA Board of Governors ratification.
• The parties are targeting a close before the end of the 2025–26 season, with reports noting an outside date of March 31, 2026, and proceeds directed to philanthropy per Paul Allen’s will.