Considering you work in the lowest part of the Moda center that explains why Blazer Broadcasting is so hauntingly bad. BAM!
ok....the offer was made 3 years ago; which was before the new media deals were negotiated. The valuations of all NBA teams have escalated significantly in the last 2-3 years. The reporting at the time said PK made an initial offer....Jody Allen immediately declined, and then refused to engage in any negotiations. She could have countered the initial offer but apparently didn't as she had no intention of selling the current valuation is estimated at 3.5B. Rumor was PK initially offered somewhere close to 2.5B. Forbes listed the value of the Blazers as 2.1B in 2022 https://www.hoopsrumors.com/2022/10/forbes-releases-2022-nba-franchise-valuations.html Forbes released that ranking in October of 2022; PK made his offer in July of that year. In 2021, Forbes valued the Blazers at 1.9B (which may have been the latest market valuation when PK made his offer). Portland ranked 13th among NBA teams in value so, based upon market value, Knight was not low-balling at all *************************************************************************************** if you use Forbes as a gauge, then in 2021 the Blazers were the 13th most valuable franchise at 2.1B. After 3 years of being driven by the clown-car of Jody, Bert, & Joe the valuation of Portland is currently at 3.5B. BUT, Portland now ranks 24th in franchise value. From 13th to 24th riding in that clown-car https://en.wikipedia.org/wiki/Forbes_list_of_the_most_valuable_NBA_teams the Blazers used to be one of the NBA teams that owned their arena. But they sold it to the city. Maybe that is partly why their ranking has sunk that much
The Suns were sold for 4 billion in December 2022. Using your list, would put the Blazers at 3.1 millionish based on the sold number for the Suns using a quick and easy calculation. The Suns do not own their arena. City of Phoenix does. Their sale did include the WNBA team, which may or may not have played a small part into the sale figure.
I think the MC and the MC were both build on ancient burial grounds. It was only when they had a peace loving hippy that they won a title...
For being a self professed shoe dork, and just an overall dork dork, you should've laughed at that. I mean, we all saw your basketball crocks on IG pal...
that was a half year after PA made his offer. What the actual offer was we don't know. Rumor was around 2.3-2.5B. And we don't know if the Blazers had liabilities weighing on the offer PK made. All things considered, that's not a low-ball offer as much as it is an initial offer what we can infer, based upon reporting, is that JA had no intention of selling and didn't negotiate or counter-offer after declining as I mentioned, I think it's pretty revealing that in 2020 & 2021, the Blazers ranked 13th in market value. 3 years later, under the Vulcans, they ranked 24th in market value
I think a lot of "market value" is based on how well a team performs. In 20-21, they were relatively close to a WCF's run, whereas now they're kinda a bad team (tho actually they're much better than people, myself included, give them credit for).
ESPN rumored the offer at 2.05 billion. The downfall in market value you point to could have been because of Dame being traded. We don't have a superstar anymore.
No, the worth isn't tied sinply directly to annual revenue. Buying a team would be the additional revenue forever - not one year, but then profit sharing reduce that. TV revenue is split evenly, then there's all the benefits and control which each team has the same. Then each team might have unique allure. There won't be a simple formula.
Agree. One thing seems sure, buying a team is about as sure of a market win as there can be. I'd be interested to see if anyone has sold as a loss, and what the return on investment generally has been on teams (with all the fun of owning one added).
Paul bought the team on 88 for 70 million. I think he's (well. His estate) has made a nice return on his investment.
70 million bucks in 1988 is roughly 188 million bucks today. Perspective. Add the renovationof the PF and the Remix acquisition and a new roof on moda since knights offer. It was never about money between Paul and Phil. They were politically estranged with Allen being a progressive and knight a staunch conservative. Pretty sure Paul told his sister anybody but that guy. That’s what I heard about it and given the team with dame was a playoff lock that was a lowball offer by Phil. None of these folks is struggling financially so sometimes it’s about something other than money
Or put 70 million in the stock market in 1988 and you'd have a massive return today. I think we looked at this years ago and it was surprisingly a bit more profitable to have bought stocks than the Blazers increase in value since 1988. Either way the values were very similar and both had massive gains.
I would assume that not everywhere, but that is is probably more common than we realize. The stories that are out there of Indigenous burial grounds being disrespected by whites/Europeans (and what happens to them) are pretty crazy tho.
