ESPN's Shams Charania reported Wednesday that Tom Dundon, who is the owner of the NHL's Carolina Hurricanes, is part of a group that agreed to purchase the Trail Blazers from Paul Allen's estate at a valuation of more than $4 billion.

Carolina Hurricanes owner Tom Dundon has reached a tentative agreement to buy the Portland Trail Blazers from Paul Allen’s estate, according to people familiar with the details. Others in the group include Blue Owl Capital co-president Marc Zahr and Portland-based Sheel Tyle,

The Portland Trail Blazers are the latest NBA franchise to see their ownership change hands. Carolina Hurricanes owner Tom Dundon agreed to buy the franchise from the estate of Paul G. Allen at a valuation of more than $4 billion, ESPN's Shams Charania reported Wednesday.