Archive · 14 Aug 2025
Tom Dundon to Buy Trail Blazers in $4 Billion Deal
Imagine the Portland Trail Blazers, a basketball team, is getting a new owner!
Tom Dundon, who already owns a hockey team called the Carolina Hurricanes, is buying the Trail Blazers.
This deal costs over $4 billion.
The current owners are the estate of the late Paul Allen, who bought the team a long time ago.
Dundon might even build a new place for the team to play!
Everyone hopes the team will get even better with the new owner.
Tom Dundon, owner of the Carolina Hurricanes, will acquire the Portland Trail Blazers.
The deal to purchase the Trail Blazers is valued at over $4 billion.
The sale is from the estate of Paul Allen, who originally purchased the team in 1988.
Dundon plans to potentially build a new arena for the Trail Blazers.
The acquisition reflects Dundon's dedication to improving the NBA scene in Portland.
- Who
- Tom Dundon is purchasing the team from the estate of Paul Allen.
- What
- Tom Dundon is acquiring the Portland Trail Blazers.
- When
- The deal was reported recently.
- Where
- The Portland Trail Blazers will remain in Portland.
- Why
- The article does not explicitly mention why.
- Buyer
- Tom Dundon
- Seller
- Paul Allen's Estate
- Team
- Portland Trail Blazers
- Price
- Over $4 billion
- Dundon's other team
- Carolina Hurricanes
