Tom Dundon, majority owner of the Carolina Hurricanes talks to the media about his US$250-million investment in the Alliance of American Football league before the start of an NHL hockey game between the New York Rangers and the Carolina Hurricanes in Raleigh, N.C, Tuesday, Feb. 19, 2019.

Paul Allen’s estate has agreed to a tentative agreement to sell the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon.

Dundon confirmed the agreement in a text exchange with The Associated Press on Wednesday. He also confirmed plans to keep the team in Portland.

The group includes Sheel Tyle, the co-founder of investment firm Collective Global, and Marc Zahr, co-president of Blue Owl Capital.

The NBA board of governors must ratify any final purchase agreement. ESPN reported

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