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Sports Illustrated
Sports Illustrated
Sport
Michael McDaniel

Trail Blazers Ownership Announces Formal Agreement in Place to Sell the Franchise

Tom Dundon Hurricanes Paul Allen Basketball

The Allen family estate has announced formal plans to sell its majority stake in the Trail Blazers, according to Bill Oram of The Oregonian.

The franchise will be sold to a group led by Tom Dundon, the majority owner of the NHL's Hurricanes, for a price that is expected to exceed $4 billion. The sale is anticipated to close by the end of the 2025–26 basketball season.

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