Overview
- Multiple reports say Tom Dundon is in talks and close to selling a significant limited-partner stake in the Carolina Hurricanes to raise cash for his Portland Trail Blazers acquisition.
- The reported valuation of roughly $2 billion would place the Hurricanes among the NHL’s highest-valued franchises if finalized.
- Proceeds are expected to support Dundon’s agreement to buy the Trail Blazers in a deal worth about $4.25 billion that will be paid in stages.
- The Hurricanes have not confirmed the negotiations, and details such as the size of the stake, buyer identities, and closing timeline remain undisclosed.
- The Blazers sale still requires NBA board of governors approval, and reporting indicates a decision is expected before the end of the 2025–26 season; Dundon’s investor group includes Marc Zahr, the Cherng family, and Sheel Tyle, with an earlier lawsuit over the Cherngs’ role withdrawn after a settlement.