Dundon confirmed the sale while declining to comment on the exact transaction value, saying he was “ very excited .” The estate of billionaire Paul Allen announced the Blazers were formally up for sale in May,

One of the NHL's more prominent owners has agreed to purchase the Western Conference NBA team in a move that could shake up the franchise.

The owner of the NHL’s Carolina Hurricanes can now add the NBA’s Portland Trail Blazers to his portfolio. Tom Dundon agreed to purchase the Blazers from the estate of Paul G. Allen on Wednesday, according to multiple reports.

Carolina Hurricanes owner Tom Dundon reached an agreement to purchase the Portland Trail Blazers, according to Sportico. In the potential transaction, Dundon buys the NBA franchise from previous owner Paul Allen's estate.

Tom Dundon is buying the NBA’s Portland Trail Blazers, he told CNBC in an interview. The Dallas businessman is chairman and founder of Dundon Capital Partners. He ― along with a group of investors ― will reportedly buy the team at a valuation of around $4 billion.

According to Senior ESPN NBA Insider Shams Charania, NHL Carolina Hurricanes owner Tom Dundon has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion.

From the NHL to the NBA, Tom Dundon is expanding his ownership reach. Owner of the Carolina Hurricanes since 2017, Dundon has reached an agreement to purchase the NBA’s Portland Trail Blazers, according to ESPN’s Shams Charania.