Carolina Panthers owner Tom Dundon has agreed to buy the Portland Trail Blazers from the estate of late Microsoft co-founder Paul G. Allen for a valuation of just more than $4 billion and intends to keep the team in Portland, sources with knowledge of the situation confirmed to ESPN on Wednesday (August 13).

Dundon leads a group on investors that also includes Blue Owl Capital co-president Marc Zahr and Collective Global co-CEO Sheel Tyle . ESPN 's Shams Charania reported that Allen's estate was in the early stages of selling the franchise in May.

"Estate of Paul G. Allen is starting a formal sales process for the Portland Trail Blazers, sources tell ESPN. Allen & Co and law firm Hogan Lovells leads sales process, is estimated to continue into 2025-26, with all Estate p

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