who will buy the blazers
The Portland Trail Blazers are in the process of being sold to an investment group led by billionaire Tom Dundon, best known as the owner of the NHL’s Carolina Hurricanes.
Who is set to buy the Blazers?
- The buyer is Tom Dundon , a Dallas-based investor and majority owner of the Carolina Hurricanes.
- He is leading a group of investors that has reached a formal sale agreement with the estate of the late Paul G. Allen, which currently owns the team.
- The reported valuation of the deal is a little over 4 billion dollars, with some reports putting it around 4.25 billion.
Who else is in the ownership group?
Dundon is not buying the team alone; there are several notable partners.
- Sheel Tyle – Portland-based investor and co-founder/CEO of Collective Global.
- Marc Zahr – Co‑president of Blue Owl Capital.
- Cherng Family Trust – The family office of Andrew and Peggy Cherng, founders of the Panda Express restaurant chain.
These partners give the group both national investing heft and local/regional connections, especially through Tyle’s Portland base and the Cherng family’s high-profile business presence.
Will the Blazers stay in Portland?
- The Allen estate and Dundon’s group have publicly stated that they intend to keep the team in Portland.
- A statement from the estate confirmed that the new owners have committed to not relocating the franchise, easing fans’ fears about a possible move.
Is the sale final yet?
- The estate has entered into a formal sales agreement with Dundon’s group, which is a major step beyond early rumors or speculation.
- The deal still needs approval from the NBA Board of Governors before it becomes fully official, but expectations are that it will close by the end of the year in which the agreement was announced.
Quick HTML table overview
| Aspect | Details |
|---|---|
| Main buyer | Tom Dundon, owner of the Carolina Hurricanes (NHL) | [1][2]
| Other key investors | Sheel Tyle (Collective Global), Marc Zahr (Blue Owl Capital), Cherng Family Trust (Panda Express founders) | [7][2][5][1]
| Current seller | Estate of Paul G. Allen, with Jody Allen as trustee/chair | [10][2][5]
| Estimated sale price | Just over 4 billion dollars; reports mention about 4.25 billion | [8][5][1]
| Team location plans | Ownership group has confirmed intention to keep the team in Portland | [2][5][8][1]
| Next step | NBA Board of Governors approval required to finalize the sale | [10][5][2]
Information gathered from public forums or data available on the internet and portrayed here.