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Ryan Henkel
Aug 13, 2025
Updated at Aug 13, 2025, 16:55
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Well it seems like Carolina Hurricanes owner Tom Dundon is making another big foray into the sports world.

Dundon, who purchased a majority stake in the Canes in 2018 for $425 million, has reportedly agreed to buy the Portland Trail Blazers for $4 billion.

Carolina Hurricanes Owner Reportedly Buying NBA's Portland Trail Blazers

The Texas billionaire is growing quite the big sports portfolio as he is also the majority owner of the PPA Tour and Major League Pickleball. He was also a minority owner in the now defunct Alliance for American Football.

Dundon has overseen the reinvigoration of the Hurricanes as not only a powerhouse team in the NHL, but also as a top market too. 

While many around the league have stated that Dundon is unorthodox in his methods and involvement on top of being a hardline negotiator, it's obvious that he's also been a big reason why the team has as found as much success as it has.

Dundon has also overseen the signing of a 20-year lease agreement to keep the Hurricanes at Lenovo Center as well as a nearly $1 billion arena and local area upgrade. 

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