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.

The Portland Trail Blazers have reached a landmark sale agreement with a group led by Tom Dundon, the billionaire owner of the NHL’s Carolina Hurricanes, Sportico was first to report. The deal is reportedly valued at $4.

From the NHL to the NBA, Tom Dundon is expanding his ownership reach. Owner of the Carolina Hurricanes since 2017, Dundon has reached an agreement to purchase the NBA’s Portland Trail Blazers, according to ESPN’s Shams Charania.