NHL team owner Tom Dundon has reached a tentative agreement worth about $4.25 billion to buy the Portland Trail Blazers, according to multiple reports Wednesday.
Sportico’s Scott Soshnick and Eben Novy-Williams first reported the deal, which was later confirmed by ESPN’s Shams Charania. John Canzano reported the sale price.
Age
Tom Dundon is 53 years old
Who is Tom Dundon?
Tom Dundon, who lives in Dallas, is the owner of the NHL’s Carolina Hurricanes. He bought the majority stake in 2018 for $425 million and later acquired all remaining minority shares, becoming the franchise’s sole owner, according to BasketNews.
He also holds majority stakes in the Professional Pickleball Association and Major League Pickleball, and owns 10% of Topgolf.
Outside of sports, Dundon co-founded Drive Financial Services (later Santander Consumer USA) and now leads Dundon Capital Partners, which invests in health care, finance and real estate.
Tom Dundon’s personal life and family?
Dundon wears sweatsuits to NHL meetings, avoids the spotlight, and calls himself a “family, stay-at-home guy.” Married 23 years to Veruschka, they’ve got five kids- Caden, Dax, Drew, Blake, and Tagan, ranging from ages 7 to 22. Home is a wild 13,000-square-foot Dallas estate with a go-kart track, batting cages, and a lake!
What’s Dundon’s track record as an owner?
In a poll of NHL agents published in The Athletic this year, Dundon was voted the worst owner in the league. Agents — not players or fellow owners — said Dundon “micromanages everything.” His communication and management style was described as “overly involved,” and agents raised concerns that his approach affects team culture.
While agents may not be big fans of Dundon, others feel differently. The Athletic ranked him 10th overall in its NHL owner rankings this year and gave him a B+ grade. “For hockey fans in small market North Carolina, he’s been a godsend,” the publication wrote. He ranked fourth in franchise vision and seventh in organizational stability. “The Hurricanes’ sparkling win-loss record since he bought the team helps, too,” The Athletic wrote.
Tom Dundon’s net worth?
Dundon’s net worth is estimated between $1.2 billion and $1.7 billion, according to BasketNews.
