Paul Allen's trust announced in May that it was selling the team and estimated that the process would go into the 2025-26 season.

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,

Tom Dundon, owner of the NHL's Hurricanes, has agreed to buy the NBA's Trail Blazers for more than $4 billion and keep the team in Portland, sources told ESPN.