The Portland Trail Blazers have found a new ownership group led by Tom Dundon, a businessman with diverse investments in sports and entertainment who has committed to keeping the team in Portland. The Paul Allen estate has reached a tentative agreement with Dundon and a group of investors in a deal reportedly exceeding $4 billion.

The Portland Trail Blazers have officially announced their 2025-26 regular season schedule this week, with their home opener set for Wednesday, Oct. 22, against the Minnesota Timberwolves. Portland’s schedule has eight nationally televised games,

ESPN's Shams Charania reported Wednesday that Tom Dundon, who is the owner of the NHL's Carolina Hurricanes, is part of a group that agreed to purchase the Trail Blazers from Paul Allen's estate at a valuation of more than $4 billion.

The Portland Trail Blazers seem likely to stay in Portland after the announced sale of the franchise. Jody Allen finally sold the Trail Blazers to new owner Tom Dundon, owner of the Carolina Hurricanes, at a $4 billion-plus valuation.

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,

Trail Blazers To Be Sold For Over $4 Billion

Damian Lillard is bringing “Dame Time” back to Portland. Multiple reports say he signed a three-year, $42 million deal with the Trail Blazers. Combined with the money he is still set to receive from the Milwaukee Bucks,

Sen. Wyden's interview on Straight Talk also touched on the humanitarian crisis in Gaza and his efforts to get the Justice Department to release its Epstein records.