The owner of Carolina Hurricanes, Tom Dundon, buys the Portland Trail Blazers for $ 4 billion

Tom Dundon, the owner of the Hurricanes de Carolina de la NHL, has an agreement in place to buy the Portland Trail Blazers for around $ 4 billion from the succession of the late Paul G. Allen, according to sources that spoke in ESPN. In addition, Dundon said he did not intend to move the team.
Other people involved in the Dundon ownership group include the co-president of Blue Owl Capital, Marc Zahr, and the founder and collective co-PDG of Tyle. Sources have said that Dundon’s ownership planned to discuss a public / private partnership agreement with Portland and the state of Oregon.
In an email, Dundon wrote: “We are delighted.” Allen’s succession refused to comment when contacted by Sportico.
Tom Dundon has long been involved in the property of the sports franchise. In 2017, he first expressed his interest in acquiring the Hurricanes of Carolina from the NHL from the owner of the time, Peter Karmanos Jr. Three years later, he acquired all the minority participations remaining in the franchise, making him the only owner of the Hurricanes.
The former owner of Trail Blazers, Paul G. Allen, has become famous as co-founder of Microsoft alongside the icon of billionaire Bill Gates technology. In 1988, Allen bought the Portland Trail Blazers for $ 70 million from the Californian real estate developer Larry Weinberg. Allen remained the team owner until his death, when the property was transferred to his succession.
Last May, Allen’s succession officially put the team for sale with the intention of giving all the profits to philanthropic causes. Allen, who died in 2018, wrote in his will that he wanted the franchise to be sold “at some point”.
The Trail Blazers were not as good as they were not since Paul Allen died one day before the start of the 2018-19 season. Since then, Portland has accumulated only 247 regular season victories, the eighth worst brand of the NBA in the past seven years.
The opposite was true for the Hurricanes of Caroline under Tom Dundon. Since the 2018-2019 season, the Hurricanes have the second most regular season in the NHL behind the Tampa Bay Lightning. They also have the sixth vicarities in playoffs in the league during this period (47).