Overview

• A consortium led by NHL’s Carolina Hurricanes owner Tom Dundon has reached a preliminary agreement to acquire the Trail Blazers from the Paul G. Allen estate.
• ESPN reported the deal is valued at just over $4 billion and includes co-investors Marc Zahr of Blue Owl Capital and Sheel Tyle of Collective Global.
• Dundon’s group has pledged to keep the franchise in Portland and to pursue a public–private partnership for a renovated or new arena.
• All sale proceeds will be directed toward charitable causes in accordance with Paul Allen’s will under the oversight of executor Jody Allen.
• The transaction is subject to approval by the NBA Board of Governors and customary closing procedures, reflecting the estate’s fiduciary obligation.