NBA’s Trail Blazers sold in $4 billion deal to owner of NHL’s Hurricanes
NY Post
The owner of the NHL’s Carolina Hurricanes can now add the NBA’s Portland Trail Blazers to his portfolio.
Tom Dundon agreed to purchase the Blazers from the estate of Paul G. Allen on Wednesday, according to multiple reports.
The valuation of the deal is at a little more than $4 billion, per ESPN, and Dundon is leading a group that includes co-president of Blue Owl Capital Marc Zahr and co-CEO of Collective Global Sheel Tyle, who is also Portland-based.
The Trail Blazers announced in May the team was up for sale and it had always been called for in Allen’s will that the NBA franchise be sold “at some point.”
His sister, Jody Allen, had been acting as team governor since Allen’s passing in 2018 from cancer.
Dundon confirmed the tentative to buy the NBA franchise with the Associated Press, but did not reveal terms of the sale.
The Red Sox traded one of their top prospects to the Pirates to help boost their rotation as part of a five-player trade Thursday night.
As we arrive at the final five weeks of the NFL regular season, the quarterback market for 2026 continues to take shape.
Tyler Kolek is getting his opportunity as the backup point guard and, frankly, it’s not going well.
Less than two weeks removed from being a point away from the bottom of the Eastern Conference, the Rangers appear to be surging again, winning four of their past five games heading into Thursday’s match at Ottawa.
This is not a great time for the Mets to need a center fielder.
Tyrod Taylor knows the perils of being a dual-threat quarterback, and he knows what it’s like for Jaxson Dart to be learning when to take a hit and when to avoid one.
Giannis Antetokounmpo’s days in Milwaukee may be numbered.
Brian Daboll tried in his own way to get Abdul Carter on the right path.
Elden Campbell, a 15-year NBA veteran who spent the majority of his career playing with his hometown Los Angeles Lakers, has died, according to the Los Angeles Times. He was 57.
Shedeur Sanders has another potential challenger with the Browns.
The offseason signing of Vladislav Gavrikov became exponentially more important for the Rangers when Adam Fox was ruled out for the foreseeable future.
Suddenly, someone had hit a rewind button and everyone had been transported back seven months. It was early spring instead of late fall, it was broiling hot outside the arena walls and not freezing cold. Everyone was back at TD Garden. There were 19,156 frenzied fans on their feet begging for blood, poised for the kill.
After leaving practice early on Monday to be evaluated for a lower-body injury, Adam Edstrom did not suit up Tuesday night against the Stars.