Carolina Hurricanes Owner Tom Dundon Agrees To Purchase Trail Blazers For $4 Billion originally appeared on Fadeaway World. Carolina Hurricanes owner Tom Dundon has reportedly struck a massive deal to acquire the Portland Trail Blazers from the late Paul Allen’s estate for over $4 billion, according to ESPN’s Shams Charania.

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,

The sale price remains unclear, but Dundon's group includes Portland CEO Sheel Tyle and the collective intends to keep the team in Portland.