The Trail Blazers have been sold after months of speculation.
On Wednesday, multiple outlets reported that Carolina Hurricanes owner Tom Dundon had agreed to purchase the franchise from Paul Allen's estate for more than $4 billion. Allen, a co-founder of Microsoft, purchased the Blazers for $70 million in 1988. He died in 2018 after a long battle with non-Hodgkin lymphoma. His will dictated that all of his sports holdings should be sold after his death.
