Sale of team

[Norm2953]

Well Canzano is at it again offering an opinion the team will be sold in the next 6-12 months.

Makes me wonder how Portland's front office will operate this off season. Going into a holding pattern and simply wait for new ownership's input on how to proceed for the future?

[monopoman]

I still want a more reliable source, Clownzano is prone to making **** up for more attention. I'm not saying it's impossible, but I give it a 50% chance of happening in the next 6-12 months.

[JRoy]

So there’s a chance?

[Cactus Jack]

A number of potential ownership groups have been rumored to be interested in pursuing the Trail Blazers. Among the names that I have heard as possible majority owners: Oracle Corporation co-founder Larry Ellison, philanthropist MacKenzie Scott and Laurene Powell-Jobs. Ellison has unsuccessfully attempted to buy NBA teams on three occasions. Scott is the ex-wife of Amazon founder Jeff Bezos. Powell-Jobs, the widow of Apple co-founder Steve Jobs, is an executive and businesswoman.

Ellison, 77, is a predictable possible bidder. He missed on the Warriors, Grizzlies and Pelicans, after all.

Scott, 52, has a net worth of more than $33 billion. She hasn’t publicly expressed interest in buying an NBA team. She’s spent her time and money on a number of philanthropic endeavors in the last year. But insiders tell me they believe NBA Commissioner Adam Silver and the league’s owners would welcome the addition of a high-profile female majority owner.

Powell-Jobs, 58, is the second largest investor in Monumental Sports & Entertainment and was one of the investors in a $75 million round of capital funding for the WNBA. She has a net worth of $15 billion.

[Norm2953]

I would wonder if Ellison being a big Trump supporter would be a non-starter for the other NBA owners and
the reason why his efforts to buy an NBA team have failed

[BadWolf]

I would wonder if Ellison being a big Trump supporter would be a non-starter for the other NBA owners and
the reason why his efforts to buy an NBA team have failed

DeVosses would strongly oppose

[Case2012]

Quick floated this in a recent article as well, so it's not just canzano.

As much as I want the team sold, selling to a conservative 77 year old would make me uneasy. Portland's as left as it gets, and it could be a reason to move the team.

[JRoy]

Quick floated this in a recent article as well, so it's not just canzano.

As much as I want the team sold, selling to a conservative 77 year old would make me uneasy. Portland's as left as it gets, and it could be a reason to move the team.

New ownership seems inevitable and that is a good thing. Don’t care too much about owners politics as long as they are not inflicted upon me.

[m0ng0]

Seahawks are also up for sale so I think it's legit

[Cactus Jack]

Seahawks are also up for sale so I think it's legit

I still want a more reliable source, Clownzano is prone to making **** up for more attention. I'm not saying it's impossible, but I give it a 50% chance of happening in the next 6-12 months.

Read on Twitter

Thiel is not one for gossip.

There have been rumors that Jody would eventually sell. But that she still had a desire to remain involved with the team (Hawks) going forward.

[Norm2953]

There are other buyers out there besides Ellison but with Ellison being involved with January 6, I'd
have a hard time with the other owners approving a sale to him.

If the sale of the team is on the horizon, I'd have a hard time buying Portland moving mountains for
Dame this off season. The likeliest course of action is to not commit to any long term financial
decisions if the rumors are true. New ownership after paying the $2 Billion to buy the Blazers are
going to want to put their stamp of approval to what happens next.

[Case2012]

That's not necessarily true. The value of the team would be higher if we were a contender would it not?

[monopoman]

Seahawks are also up for sale so I think it's legit

I still want a more reliable source, Clownzano is prone to making **** up for more attention. I'm not saying it's impossible, but I give it a 50% chance of happening in the next 6-12 months.

Read on Twitter

Thiel is not one for gossip.

There have been rumors that Jody would eventually sell. But that she still had a desire to remain involved with the team (Hawks) going forward.

I know about Paul Allen's wishes on his death, my point was I still think 6-12 months is a very aggressive timeline especially when PA gave a 10 year period before he wanted things sold.

I know for a fact that PA would be very upset if this team was being fire sold to any buyer, or they were not extremely diligent in finding the right buyer. He loved this team and he was very proud to own the Blazers, you can bet your ass he wants the next owner to have the same love of the team. Another factor is that the team will stay in Portland, I have a strong feeling that PA would be upset if this team was sold to some owner who's goals were to move the team.

[Cactus Jack]

I still want a more reliable source, Clownzano is prone to making **** up for more attention. I'm not saying it's impossible, but I give it a 50% chance of happening in the next 6-12 months.

Read on Twitter

Thiel is not one for gossip.

There have been rumors that Jody would eventually sell. But that she still had a desire to remain involved with the team (Hawks) going forward.

I know about Paul Allen's wishes on his death, my point was I still think 6-12 months is a very aggressive timeline especially when PA gave a 10 year period before he wanted things sold.

I know for a fact that PA would be very upset if this team was being fire sold to any buyer, or they were not extremely diligent in finding the right buyer. He loved this team and he was very proud to own the Blazers, you can bet your ass he wants the next owner to have the same love of the team. Another factor is that the team will stay in Portland, I have a strong feeling that PA would be upset if this team was sold to some owner who's goals were to move the team.

The team won't be moved.

[monopoman]

Read on Twitter

Thiel is not one for gossip.

There have been rumors that Jody would eventually sell. But that she still had a desire to remain involved with the team (Hawks) going forward.

I know about Paul Allen's wishes on his death, my point was I still think 6-12 months is a very aggressive timeline especially when PA gave a 10 year period before he wanted things sold.

I know for a fact that PA would be very upset if this team was being fire sold to any buyer, or they were not extremely diligent in finding the right buyer. He loved this team and he was very proud to own the Blazers, you can bet your ass he wants the next owner to have the same love of the team. Another factor is that the team will stay in Portland, I have a strong feeling that PA would be upset if this team was sold to some owner who's goals were to move the team.

The team won't be moved.

Right I think the odds are low, but the owner of the Thunder lied his ass off about his desire to move the team. He was telling his buds that his #1 goal was moving to the team to OKC even before they finalized the sale. Now that deal was at such a level of bull, it has made it much harder to move any team but that won't last forever.

[Cactus Jack]

Right I think the odds are low, but the owner of the Thunder lied his ass off about his desire to move the team. He was telling his buds that his #1 goal was moving to the team to OKC even before they finalized the sale. Now that deal was at such a level of bull, it has made it much harder to move any team but that won't last forever.

It was really the perfect storm of events that unfolded here.

You had elected officials that were very much against the concept of providing public funds for an arena. Especially after the Seahawks & Mariners both we're provided funds on new stadium deals. In 2006, the speaker of the House (Frank Chopp) basically told Howard Schultz & David Stern to pound sand. It got very personal from that point forward. Which then gave Howard & Stern incentive to hand the keys over to Clay Bennett & the OKC group. Howard just wanted to wash his hands clean. But also Stern was a very petty individual.

Unless the city of Portland reacts similarly, the Blazers will remain in town for the foreseeable future.

[monopoman]

Right I think the odds are low, but the owner of the Thunder lied his ass off about his desire to move the team. He was telling his buds that his #1 goal was moving to the team to OKC even before they finalized the sale. Now that deal was at such a level of bull, it has made it much harder to move any team but that won't last forever.

It was really the perfect storm of events that unfolded here.

You had elected officials that were very much against the concept of providing public funds for an arena. Especially after the Seahawks & Mariners both we're provided funds on new stadium deals. In 2006, the speaker of the House (Frank Chopp) basically told Howard Schultz & David Stern to pound sand. It got very personal from that point forward. Which then gave Howard & Stern incentive to hand the keys over to Clay Bennett & the OKC group. Howard just wanted to wash his hands clean. But also Stern was a very petty individual.

Unless the city of Portland reacts similarly, the Blazers will remain in town for the foreseeable future.

Portland is the type of city to not really be down with paying for giant stadiums to be built, PA owns the Moda Center 100%, and I'm pretty sure the Timbers owner also owns the stadium his team plays in. Unlike some cities we don't go out of our way to make sure that if an owner wants a new stadium they get one with at least some state or city funds.

[Cactus Jack]

Portland is the type of city to not really be down with paying for giant stadiums to be built, PA owns the Moda Center 100%, and I'm pretty sure the Timbers owner also owns the stadium his team plays in. Unlike some cities we don't go out of our way to make sure that if an owner wants a new stadium they get one with at least some state or city funds.

Yeah, that is a big part of the equation.

Key Arena was a city owned asset. Thus issues arose.

[monopoman]

Portland is the type of city to not really be down with paying for giant stadiums to be built, PA owns the Moda Center 100%, and I'm pretty sure the Timbers owner also owns the stadium his team plays in. Unlike some cities we don't go out of our way to make sure that if an owner wants a new stadium they get one with at least some state or city funds.

Yeah, that is a big part of the equation.

Key Arena was a city owned asset. Thus issues arose.

Well I have also seen owners hold a city over a barrel for help building a new arena or threats to move. This might be more common outside of the NBA, I might be recalling NFL teams.

[Cactus Jack]

Portland is the type of city to not really be down with paying for giant stadiums to be built, PA owns the Moda Center 100%, and I'm pretty sure the Timbers owner also owns the stadium his team plays in. Unlike some cities we don't go out of our way to make sure that if an owner wants a new stadium they get one with at least some state or city funds.

Yeah, that is a big part of the equation.

Key Arena was a city owned asset. Thus issues arose.

Well I have also seen owners hold a city over a barrel for help building a new arena or threats to move. This might be more common outside of the NBA, I might be recalling NFL teams.

Most recently with the Chargers & Raiders. The Raiders got the city of Las Vegas to provide them funds. Meanwhile St. Louis was played by Stan Kroenke. He left to make a quick buck.

The NBA essentially used Seattle as leverage to get both Sacramento & Milwaukee new arena's.