India, Aug. 13 -- Tom Dundon, who owns the NHL's Carolina Hurricanes, has reportedly reached an agreement to buy the Portland Trail Blazers from Paul Allen's estate, as per several reports.

ESPN's Shams Charania validated the deal after Sportico's Scott Soshnick and Eben Novy-Williams first reported it. Charania stated the sale price was around $4 billion.

Sportico reports that Sheel Tyle, a co-CEO of Collective Global based in Portland, and Marc Zahr, co-president of Blue Owl Capital, are also part of the purchasing group.

According to Sportico, the potential owners intend to retain the Trail Blazers in Portland.

The Oregonian's Bill Oram, who quoted a source with knowledge of the deal, affirmed that assertion, saying the group "is p...