PORTLAND Ore. (KPTV) - The Portland Trail Blazers have [officially been sold](https://www.kptv.com/2025/08/13/reports-portland-trail-blazers-be-sold-owner-carolina-hurricanes/).
The estate of Microsoft co-founder Paul G. Allen has reached an agreement to sell the Portland Trail Blazers to a group led by billionaire investor Tom Dundon, the team announced Friday.
Dundon, the owner and chief executive of the NHL’s Carolina Hurricanes will be joined by Marc Zahr, co-president of Blue Owl Capital; Sheel Tyle, Portland-based founder and CEO of Collective Global; and the Cherng Family Trust, the family office of the co-founders of Panda Express.
The new owners confirmed they plan to keep the NBA franchise in Portland.
Terms of the deal were not disclosed. The sale must still be approved by the NBA Board of Governors before it is finalized.
Allen’s estate has controlled the Blazers since his death in 2018.
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