Three teams changed hands in 5 months! Revealing the secret of the Trail Blazers selling teams at $4.25 billion: The valuation is second only to the two goals of Hukai.

After the Boston Celtics and the Los Angeles Lakers sold the team, the Portland Trail Blazers also sold the team. According to famous reporter Shams, the Trail Blazers sold the team to NHL Carolina Hurricanes owner Tom Dunton at a valuation of more than $4 billion; US media further reported that the valuation was $4.25 billion and paid twice.

NBA league has already sold its teams and changed hands. On March 21 this year, the NBA giants Boston Celtics sold the team to Bill Chisholm, the managing partner of Symphony Technology Group, with a valuation of $6.1 billion. The deal has been officially approved by the NBA Council, and Chisholm officially became the new owner of the Celtics.

After the Celtics sold their team for 3 months, on June 19, another NBA giant, the Los Angeles Lakers, sold most of the team's equity at a valuation of US$10 billion, setting a record for the highest transaction price in NBA history and professional sports teams around the world; Mark Walter became the new boss of the Lakers, but Jenny Buss is still in charge of the Lakers. It is reported that the Bass family retains 15% of the Lakers' equity, and Jenny will be in charge of the Lakers for at least another 5 years. Nearly two months after the Lakers sold the team, the Portland Trail Blazers finally sold the team. According to famous reporter shams, NHL Carolina Hurricanes owner Tom Dunton has agreed to buy the Portland Trail Blazers from Paul Allen's legacy for more than $4 billion.

US media Sportico further revealed that the acquisition consortium also includes Mark Zal, co-president of Blue Owls Capital, and Sher Taylor, co-CEO of Collective Global, and Tom Dunton's team intends to keep the team in Portland.

According to multiple sources, the transaction consists of two payments, one paid at the end of the transaction and the other paid later, with a total valuation of approximately $4.25 billion.

The Trail Blazers set the third highest team trading record in NBA history with a valuation of about US$4.25 billion, second only to the two super giants, Celtics ($6.1 billion) and Lakers ($10 billion).

In 1988, Paul Allen spent $70 million to buy the Trail Blazers, but Paul Allen died of cancer in 2018. His will requires the team to be sold at due time and all proceeds will be used for charity. During this period, Allen's sister Jody Allen served as the team's supervisor and the executor of the Paul Allen Trust. Now the Trail Blazers have reached a team sale agreement, and the deal needs to be approved by the NBA Council.

The new Trail Blazers boss Tom Dungton bought the Hurricanes for $450 million in 2018. Since then, the Hurricanes, which missed the playoffs for nine consecutive years, made it to the playoffs for 8 years, advanced to the second round six times and entered the Western Conference Finals three times. Regarding the purchase of the Trail Blazers, Dungton said: We are very excited.