Photo: Ford, Brad
The Portland Trailblazers reportedly have a new owner.
According to multiple reports, Tom Dundon has reached an agreement to buy the NBA franchise for a valuation of more than $4 billion.
Dundon also owns the NHL's Carolina Hurricanes.
The will of Microsoft co-founder Paul Allen ordered the team to be sold after he died in 2018. Allen bought the team for 70-million dollars in 1988.
Reports say Dundon will keep the team in Portland.