Tom Dundon, the owner of the NHL’s Carolina Hurricanes, has agreed to purchase the NBA’s Portland Trail Blazers for more than $4 billion, sources told ESPN. This acquisition confirms that the franchise will remain in Portland, ensuring the team’s future in the city. The deal, which is expected to be finalized soon, has been a critical development for the Portland community, which had been concerned about the team’s potential relocation.
Dundon’s ownership of the Hurricanes has brought significant success to the NHL team, with the Hurricanes earning a playoff berth in recent seasons. His experience in sports ownership is seen as a positive sign for the Trail Blazers, which have been navigating challenges in recent years. The financial commitment of over $4 billion underscores the seriousness of Dundon’s investment in the team’s continued presence in Portland.
The announcement has been met with enthusiasm by residents and fans, who have long supported the Trail Blazers. The team’s commitment to the city is seen as a victory for Portland’s sports landscape. With Dundon’s backing, the Trail Blazers are positioned to continue competing at a high level and maintain their status as a key part of the city’s identity.