Hurricanes owner buys Portland Trail Blazers for $4 billion

Tom Dundon, owner of the Carolina Hurricanes, doesn’t have the best reputation around the NHL. He’s the one who didn ‘t want to pay his GM as much as other league owners a few years ago… and he’s the one with a reputation for being a bit cheap. Yet today we learn that he’s bought the Portland Trail Blazers organization in the NBA for the “small” sum of… over $4 billion.
nHL Carolina Hurricanes owner Tom Dundon has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion, sources tell ESPN.
–
Shams Charania (@ShamsCharania) August 13, 2025
It’s also worth remembering that when the Habs made a hostile offer to Sebastian Aho, many thought that Dundon might not match that offer because the majority of the contract money was paid up front. The Hurricanes ultimately decided to match the offer… it’s as if the Hurricanes decided to get even… and now we know they made a mistake, because KK never became the player we thought he would in Carolina.
Remember that last February, The Athletic surveyed 19 player agents, and one of the questions was:
Who’s the worst owner in the NHL?

[content-ads] It makes you wonder, then, how this move is perceived among NBA owners.
Dundon isn’t known for being the richest of NHL owners… but he did pull out the big bucks to acquire the Trail Blazers at a pretty hefty price.Four billion dollars (and counting) is a lot of money…
That said, the Hurricanes have had a lot of success since 2018 – that is, since Dundon became the club’s owner. And what I mean by that… is that I wonder if Dundon will want to spend money to improve the team in Portland. And I also wonder if his goal isn’t to move the team elsewhere… spacer title=’Overtime’] – Hehe.
– TVA Sports (@TVASports) August 13, 2025
– Can he lead the Sparrows to victory?
Caleb Evans to be @alouettes starting quarterback Saturday at BC, McLoed Bethel-Thompson placed on 6-game injured list
– Jeremy Filosa
(@JeremyFilosa) August 13, 2025
– I love this,
she’ll become the second oldest player in the main draw
https://t.co/zv92wEQaqa–
TVA Sports (@TVASports) August 13, 2025