4.25 billion yuan in purchases! Downton, the new owner of the Trail Blazers, currently has a net worth between $1.2 billion and $1.7 billion

August 14th, according to ESPN reporter Shams, NHL Carolina Hurricanes owner Tom Dunton has agreed to buy the Portland Trail Blazers from Paul Allen's legacy at a valuation of more than $4 billion.

Dunton is an American billionaire who mainly works in financial services, real estate and sports entertainment. The media expects his net worth between $1.2 billion and $1.7 billion.

Dunton is the chairman and managing partner of Dunton Capital Partners in Dallas, and he is also the owner of the NHL Carolina Hurricanes.

It is reported that other members of the acquisition of the Trail Blazers Consortium are: Mark Zal, co-president of Blue Owl Capital, and Sher Taylor, co-CEO of Collective Global. The new consortium plans to keep the Trail Blazers in Portland.