Portland Trail Blazers sold to Carolina Hurricanes owner for $4 billion
SLUG: portland-trail-blazers-sale-4-billion-hurricanes-owner
The Portland Trail Blazers have been sold for $4 billion to Tom Dundon, the owner of the NHL’s Carolina Hurricanes.
The agreement, announced on Wednesday, hands the NBA franchise to Dundon, expanding his sports holdings from hockey into basketball. The $4 billion valuation ranks among the largest ever paid for an NBA team.
Additional terms of the transaction were not disclosed, and no timetable for final completion was provided.
Source: New York Post
