The owner of the NHL’s Carolina Hurricanes can now add the NBA’s Portland Trail Blazers to his portfolio.

Tom Dundon agreed to purchase the Blazers from the estate of Paul G. Allen on Wednesday, according to multiple reports.

The valuation of the deal is at a little more than $4 billion, per ESPN , and Dundon is leading a group that includes co-president of Blue Owl Capital Marc Zahr and co-CEO of Collective Global Sheel Tyle, who is also Portland-based. 4

The Trail Blazers announced in May the team was up for sale and it had always been called for in Allen’s will that the NBA franchise be sold “at some point.”

His sister, Jody Allen, had been acting as team governor since Allen’s passing in 2018 from cancer.

Dundon confirmed the tentative to buy the NBA franchise with the Asso

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