Carolina Hurricanes owner Tom Dundon’s next big splash is likely coming in the NBA.
Dundon has reached a tentative agreement to buy the Portland Trail Blazers from Paul Allen’s estate.
While Dundon declined to provide the terms of the proposed sale, he emphasized that he’s “very excited.”
According to ESPN’s NBA insider Shams Charania, Dundon has agreed to buy the Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion.
The Trail Blazers’ valuation is listed at $3.65 billion according to CNBC’s latest Official NBA Team Valuations.
Dundon purchased a stake in the Hurricanes in 2017 and became the team's majority owner in 2018, as the franchise has seen unparalleled success since his arrival.
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