I think the tied record coin flip was today. The Hornets called tails, and moved a few decimal percentage points above the Blazers ping pong ball.
Hilari0us that you have faith in this current administration to do that. I have resigned myself to the high probability that we will not contend until Jody sells the team. It's a pig no matter how much lipstick you put on it.
I mistakenly posted this in the wrong thread: dviss may be correct that it gets done by 2028, but I don't think that there's any "has to" date set in concrete. The last report I saw was this tweet (X?) from Rachel Bachman: When Jody first addressed the subject in 2022, she said that her brother's estate was complex and that it wasn't unusual for it to take 10-20 years to wind up an estate like that. I don't think that there's any way that she sells the team before the new media deal is worked out. The current one ends after next season.
I never said I had faith in them to do anything. Was just asking if that did happen if you would change your mind.
No, it's a rumored part of the trust but sounds like she can delay - possibly indefinitely. Pretty stupid Paul Allen set it up this way. Honestly would prefer he just gifted her the team, as then she'd have a direct incentive for revenue, running it well, and a cash windfall for selling. This odd structure where she gets 100+ million per year as trust manager might make her just hold on and fight any sale until she dies. Then who the hell knows what the next trust manager does.
Why do you think Jody cares about a media deal? She doesn't get the proceeds from selling the team. She gets 100+ million from "managing" it which may be reduced or go away completely if she sells. It's been 6 years since Allen died and we've had zero movement on her selling. In 10-20 years she'll be saying we're still 10-20 years away from wrapping up the estate.
Not sure I see the basis for any of that. The trust has sold off lots and lots of assets already, just not this particular one. If your theory was correct that she's holding onto assets to line her bank account, why would she have sold any assets? Also, she's a multi-billionaire already. She hardly needs whatever pay she gets for winding up the estate. And I think the $100 million figure is speculation, not fact. And if the speculation is $100 million per year, rather than total, I strongly suspect the speculation is way off base. Part of her job is to maximize the return on the assets, so as to increase the impact of the philanthropic giving that follows. It seems to me that a plausible explanation is that she's trying to sell assets when the market for each appears most favorable. Paul Allen started worrying about dying in the early 1980s. He lived another 35 years. He had access to very good legal representation the entire time. He was himself a very bright guy. The idea that he was 'pretty stupid' to set his estate up this way is not very credible. barfo
I think the new deal will provide more income to the league and will probably double the value of the Blazers.
