Tom Dundon is on the verge of selling a minority stake in the Carolina Hurricanes in a deal that would help facilitate his purchase of the Portland Trail Blazers , according to multiple published reports.

The sale, which comes at a valuation of $2 billion, was first reported by CNBC .

Dundon and a group of investors reached a formal sales agreement in September to buy the Blazers from the Paul Allen Estate in a deal worth $4.25 billion, which will be paid in stages over multiple years. But the sale won’t become official until it’s approved by the NBA’s board of governors, a move expected to happen before the end of the 2025-26 season.

Dundon purchased a majority stake in the Hurricanes in 2018 for $425 million and became sole owner of the NHL franchise in 2021.

The Hurricanes en

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