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NHL Notebook: Hurricanes owner Tom Dundon purchases NBA’s Portland Trail Blazers
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Zach Laing
Aug 14, 2025, 17:00 EDTUpdated: Aug 14, 2025, 16:56 EDT
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From the NHL to the NBA, Tom Dundon is expanding his ownership reach.
Owner of the Carolina Hurricanes since 2017, Dundon has reached an agreement to purchase the NBA’s Portland Trail Blazers, according to ESPN’s Shams Charania. The Trail Blazers have been held by the estate of he late Paul G. Allen, the team’s previous owner, who died in 2018.
“We can confirm Tom Dundon is in the process of buying the Portland Trailblazers and is excited about the opportunity,” the Hurricanes said in a statement. “This will not impact the Carolina Hurricanes, and Tom still wants to bring Major League Baseball to North Carolina.”
Dundon joins a growing list of executives who have ownership with multiple professional sports teams, that include Terry Pegula (NHL Buffalo Sabres and NFL Buffalo Bills), Stan Kroenke (NHL Colorado Avalanche, NFL Los Angeles Rams, NBA Denver Nuggets), James Dolan (NHL New York Rangers, NBA New York Knicks), Josh Harris (NHL New Jersey Devils, NBA Philadelphia 76ers), Ryan Smith (NHL Utah Mammoth, NBA Utah Jazz), as well as other groups like the Illitch family (NHL Detroit Red Wings, MLB Detroit Tigers), the Fenway Sports Group (NHL Pittsburgh Penguins, MLB Boston Red Sox), as well as the Rogers family (NHL Toronto Maple Leafs, MLB Toronto Blue Jays, NBA Toronto Raptors).
Dundon’s Hurricanes were most recently valued by CNBC at $1.3-billion.
The Trail Blazers, meanwhile, are in the midst of a rebuild, coming off a 36-46 season with four straight playoff misses. The team has one NBA championship win, having come in the 1976-77 season.

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Zach Laing is Oilersnation’s associate editor, senior columnist, and The Nation Network’s news director. He also makes up one-half of the DFO DFS Report. He can be followed on Twitter, currently known as X, at @zjlaing, or reached by email at zach.laing@bettercollective.com.

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