Home » Sport » Tom Dundon Acquires Portland Trail Blazers for $4 Billion

Tom Dundon Acquires Portland Trail Blazers for $4 Billion

by Alex Carter - Sports Editor

Tom Dundon, the owner of the Hurricanes de la Caroline, has just paid an NBA team, reports Sportico.

It is surrounded by Marc Zahr, co-president of Blue Owl Capital, and Sheel Tyle, general co-director of the Global Collective, that Tom Dundon acquired the Portland Blazers trail.

Sporto estimates the value of the franchise at $ 3.6 billion.

According to information from Shams Charania, ESPN, the sum paid by Tom Dundon is a little higher.

“The owner of the Hurricanes of the NHL Carolina, Tom Dundon, agreed to buy the Portland trail blazers at the succession of Paul G. Allen for a value of more than $ 4 billion,” he tweeted.

It is important to emphasize that Tom Dundon would have no intention of moving the team.

Recall that Paul Allen, co -founder of Microsoft, bought the Portland Blazers trail in 1988 for $ 70 million.

In his will, Paul Allen had indicated that he wanted the revenues of the sale of trail blazers to return to works of charity and it will be done.

Tom Dundon had bought the Hurricanes from Caroline for $ 425 million in 2018.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.