Dundon confirmed the sale while declining to comment on the exact transaction value, saying he was “ very excited .” The estate of billionaire Paul Allen announced the Blazers were formally up for sale in May,

One of the NHL's more prominent owners has agreed to purchase the Western Conference NBA team in a move that could shake up the franchise.

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.