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Tom Dundon, the owner of Carolina Hurricanes of the NHL, has an agreement to buy the Blazers of Portland Trail For approximately $ 4 billion from the deceased’s estate Paul G. Allen, according to sources who spoke with ESPN. In addition, Dundon said he has no intention of moving the team.
Others involved in Dundon’s property group include the Blue Owl Capital Marc Zahr co-chair and the Global Collective Founder and Co-Director General Sheel Tyle. Sources said that the Dundon owned group plans to discuss a public/private collaboration agreement with Portland and the State of Oregon.
In an email, Dundon wrote, “We are excited.” Allen’s estate refused to make comments When he contacted Sportico.
Tom Dundon has been involved in the ownership of sports franchises for some time. In 2017, he first expressed interest in acquiring the NHL hurricanes of the then owner Peter Karmanos Jr. On January 11, 2018, Dundon acquired 52% of Karmanos hurricanes, as well as operating rights at PNC Arena for $ 425 million. Three years later, he acquired all the minority stakes in the franchise, making him the sole owner of the hurricanes.
The former Trail Blazers, Paul G. Allen, was famed as a Microsoft co-founder next to the billionaire icon Tech Bill Gates. In 1988, Allen bought the Blazers of Portland Trail for $ 70 million to the California real estate developer, Larry Weinberg. Allen remained the owner of the team until his passage, when the property was transferred to his property.
Last May, Allen’s property formally put the team for sale with the intention of giving all revenue to philanthropic causes. Allen, who died in 2018, wrote in his will that he wanted the franchise to be sold “at some point”.
The blazers on the court have not been as good as before Paul Allen died one day before the start of the 2018-19 season. Since then, Portland has accumulated only 247 wins of the regular season, the eighth NBA brand for the last seven years.
The opposite has been true for the hurricanes of Carolina under Tom Dundon. Since the 2018-2019 season, hurricanes have the second victory of the regular season at the NHL behind only of the Tampa Bay Lightning. They also have Playoff’s sixth victory in the league during this period (47).
