PORTLAND, Ore. (AP) — Paul Allen’s estate has struck a tentative agreement to sell the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon, a person with knowledge of the negotiations told The Associated Press on Wednesday.

The person spoke to the AP on condition of anonymity because the team hadn’t yet made an official statement.

Dundon intends to keep the Trail Blazers in Portland, the person said. The group includes Sheel Tyle, the co-founder of the investment firm Collective Global.

The NBA Board of Governors must ratify any final purchase agreement. ESPN reported Wednesday that the deal was for $4 billion.

Allen’s estate, which also owns the Seattle Seahawks and a 25% stake in the Seattle Sounders, announced in May that it had begun the process of selli

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