New era to Portland Trail Blazersas Tom Danton, owner of NHL’s Carolina Hurricanes, agreed to acquire the NBA team against the astronomical amount of $ 4 billion.
The revelation of the Blazers Agreement was made by Sams Sarania of ESPN, highlighting the enormous financial size of the sale, which ranks this particular transaction among the biggest in the history of professional sport!
The Blazers team belonged to Paul Allen, co -founder of Microsoft and a prominent technology businessman until his death in 2018. Allen had acquired the team in 1988 for just $ 70 million. After his death, the team was ordered to sell, with proceeds from the sale to be charged through the institution named after him.
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
The agreement with Tom Danton opens a new chapter for the Blazers Organization, with many waiting to see what the next steps of the new administration will be.