Tom Dundon is buying the NBA’s Portland Trail Blazers, he told CNBC in an interview. The Dallas businessman is chairman and founder of Dundon Capital Partners. He ― along with a group of investors ― will reportedly buy the team at a valuation of around $4 billion.

Texas businessman Tom Dundon is leading the buyer group that has struck a deal to buy the Portland Trail Blazers. Dundon, 53, is chairman and managing partner of Dundon Capital Partners, a Dallas firm that invests in a broad range of areas, from real estate to health care and technology.

The Dallas Billionaire who bought the team from Peter Karmanos back in 2018 has decided to get deeper into the sports game. First reported by Sportico, the estate of Paul Allen has agreed to sell the NBA’s Portland Trail Blazers to a group led by Dundon.