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.

Tom Dundon’s net worth in 2025 reflects his long-standing success as a billionaire businessman, investor, and sports franchise owner. Known for his leadership of the NHL’s Carolina Hurricanes and his diverse portfolio in sports,

He made his fortune in automobile loans but also co-founded Trinity Forest Golf Club and is a major TopGolf investor.

It’s unclear how many local investors could join Dundon’s ownership group, which already includes the co-president of Blue Owl Capital, Marc Zahr, as well as Portland-based CEO Sheel Tyle. Dundon’s group “is passionate about basketball and intends to keep the team in Portland, where it belongs,” said a source familiar with the sale process.