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 group that has struck a deal to purchase 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.

Everything you need to know about American businessman Tom Dundon who reportedly reached an agreement with the Portland Trail Blazers to purchase the franchise from the estate of Paul G. Allen.