Key Takeaways:
- Tom Dundon, owner of the Carolina Hurricanes, has agreed to purchase the Portland Trail Blazers for $4 billion
- The transaction has been fully negotiated and is pending final NBA approval, with no anticipated obstacles
- Jody Allen announced the club’s availability for sale in May following the management of the team after her brother Paul Allen’s passing in 2018
Historic Acquisition Set to Reshape the NBA
An agreement valued at $4 billion has sent shockwaves through the world of American sports, as Tom Dundon, the owner of the NHL’s Carolina Hurricanes, secures a deal to buy the NBA’s Portland Trail Blazers.
Multiple respected media organisations reported the news of this significant deal, though an official statement has yet to be released. The only step remaining is the necessary approval by the NBA, which is not expected to encounter any hurdles.
Timeline of Ownership and Sale Process
Portland Trail Blazers have been under the stewardship of Jody Allen, sister of Microsoft co-founder Paul Allen, who assumed management following his death from cancer in 2018. The franchise was officially put on the market as of May, when Jody Allen made public her intent to sell the team.
Breaking: 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, sources tell @ShamsCharania. pic.twitter.com/5MEGyhNrvt
— ESPN (@espn) August 13, 2025
Ambitions for the Future
Tom Dundon has openly declared his strong desire to invest in and elevate the Portland Trail Blazers, with the aim of transforming the club into a dominant force within the NBA.
Transaction Details
| Buyer | Tom Dundon |
|---|---|
| Seller | Jody Allen (on behalf of the Paul Allen estate) |
| Purchase Price | $4 billion |
| Status | Pending official NBA approval |
| Announcement of Sale | May (by Jody Allen) |
