Tom Dundon Set to Acquire Portland Trail Blazers from Paul Allen’s Estate
August 13, 2025 – In a significant development in the professional sports world, Tom Dundon, the owner of the NHL’s Carolina Hurricanes, has reached a tentative agreement to purchase the NBA’s Portland Trail Blazers from the estate of the late Paul Allen. The transaction marks a major shift in the ownership of the franchise that Allen originally acquired in 2007.
Dundon’s acquisition deal values the Trail Blazers at over $1.8 billion, reflecting both the franchise’s market potential and the vibrant basketball culture in Portland. This anticipated purchase, confirmed by sources close to the deal and Dundon himself, is poised to bring new leadership and direction to the team after nearly two decades under Allen’s stewardship.
Background of the Deal
Paul Allen, co-founder of Microsoft and a revered sports team owner, passed away in 2018. Since then, his estate has managed the operations of the Trail Blazers. The prospect of a sale has been attracting considerable attention within the sports business community, particularly given the increasing franchise valuations in the NBA.
Tom Dundon, who has made a name for himself in the NHL with his ownership of the Carolina Hurricanes, is seen as a dynamic investor with an interest in expanding his sports portfolio. His entry into NBA ownership highlights a growing trend of cross-league investment by wealthy entrepreneurs.
Potential Impact on the Trail Blazers
The transition in ownership is generating optimism among fans and analysts. Dundon’s track record with the Hurricanes—marked by strategic investments in team facilities and player development—suggests a commitment to long-term competitive success. Observers expect similar strategic initiatives for the Trail Blazers, aimed at enhancing team performance both on and off the court.
Moreover, Dundon’s deep financial resources could provide Portland with increased flexibility in player acquisitions and infrastructure improvements, potentially bolstering the franchise’s stature in a highly competitive Western Conference.
Next Steps and Future Prospects
While the agreement remains tentative pending final approvals and regulatory reviews, stakeholders anticipate a smooth closure of the deal within the coming months. Following completion, Dundon is expected to engage closely with the Trail Blazers’ management and staff to set a clear vision for the team’s future.
The sports world will be watching closely as this ownership change unfolds, anticipating how it may influence Portland’s position in the NBA landscape. For now, Tom Dundon’s purchase represents a new chapter for the Trail Blazers, blending commitment, fresh leadership, and ambition for success.