Blazers are for Sale

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dviss1 said:
You work for the team, you should know more than me...

I'm happy because I feel like I can end my boycott. Fan is short for fanatic. After being lied to by Cronin and after their treatment of
Dame I stopped watching and attending games. That treatment just confirmed my belief that your boss doesn't give a fuck about my favorite team.
Now she's finally starting the sale process. Lots of fans are reacting the same way. I get to enjoy my favorite team again knowing sometime next season she won't be running it into the ground anymore.
As a new owner they'd also come in and evaluate Cronin and Chauncey and they BOTH could be gone. This possibility makes me happy. I can't be happy MF? :dunno:
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I didn’t say you couldn’t be happy……. I’m just asking WHY you are happy. You have NO clue who is buying this team.
 
Phil Knight is 87. Doesn't mean he's dying soon, but at that age you usually don't have a lot of time left.
 
AldoTrapani said:
So now that Phil Knight doesn’t care for the Blazers anymore. I’m officially nervous. The team doesn't own the arena and we only extended to a 5yr lease on moda center is how long it would take to build a new arena somewhere else. No local owner options. I'm a little scared.
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Doesn’t Seattle have a ready to go arena?
 
Phil Knight wanted something he couldn't have. Now that he could get it he doesn't want it anymore. Punk
 
THE HCP said:
I didn’t say you couldn’t be happy……. I’m just asking WHY you are happy. You have NO clue who is buying this team.
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Glass half full vs glass half empty.

and realistically that’s not even great analogy bc the odds of it being bad are pretty low

we don’t have any idea who is buying the team, correct

the odds of it being someone who moves the team (based on recent history) are pretty low, so the net positive outcome in my estimation is more likely than the nuclear option of the team being moved which is practically the only negative outcome (as it would be a true feat to be a worse owner than the current situation).

so although I’m not OP, I’ll choose to be happy until proven otherwise
 
How much are the Blazers worth? 3 billion-$3.5 billion maybe?

So, they will do a bidding war like Boston did. Do you guys think it will sell for more? Wonder how many bidders the team will get?

How long did Boston's sell take? I know it's still ongoing. I mean how long did it take for all the bids to be put in and then for the team to announce the winning bid?
 
Chris Craig said:
How much are the Blazers worth? 3 billion-$3.5 billion maybe?

So, they will do a bidding war like Boston did. Do you guys think it will sell for more? Wonder how many bidders the team will get?

How long did Boston's sell take? I know it's still ongoing. I mean how long did it take for all the bids to be put in and then for the team to announce the winning bid?
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I'd be surprised if it doesn't go for 4 billion +
 
Chris Craig said:
How much are the Blazers worth? 3 billion-$3.5 billion maybe?

So, they will do a bidding war like Boston did. Do you guys think it will sell for more? Wonder how many bidders the team will get?

How long did Boston's sell take? I know it's still ongoing. I mean how long did it take for all the bids to be put in and then for the team to announce the winning bid?
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The Celtics previous ownership announced their intent to sell in July of last year and finalized the deal (meaning they accepted) in March of this year. So 8 months.
 
Crazy the former Celtics owner bought the team in 2002 for 360 million and sold it for 6 billion.
 
blazerkor said:
The Celtics previous ownership announced their intent to sell in July of last year and finalized the deal (meaning they accepted) in March of this year. So 8 months.
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So we are looking at knowing who the new owner is in January.
 
Chris Craig said:
So we are looking at knowing who the new owner is in January.
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I don't think any two situations like this are exactly alike. I think we could know in a few weeks and then again thinking about how long this has been drawn out in terms of the seeming immediacy in Paul Allen's will maybe it drags on until summer 2026 or longer.

It is the best comp we have but I don't know how meaningful that is.
 
Do you guys think the negatives of the franchise (being a small market, not a destination for big name free agents, our terrible luck, etc) will effect potential bidders desire to buy the team?
 
Chris Craig said:
Do you guys think the negatives of the franchise (being a small market, not a destination for big name free agents, our terrible luck, etc) will effect potential bidders desire to buy the team?
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No. It's still one of 30 (potentially 32) franchises.
 
blazerkor said:
I don't think any two situations like this are exactly alike. I think we could know in a few weeks and then again thinking about how long this has been drawn out in terms of the seeming immediacy in Paul Allen's will maybe it drags on until summer 2026 or longer.

It is the best comp we have but I don't know how meaningful that is.
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I have a feeling it's going to be a long process. I just hope we get an owner who wants to win. Though Jody kind of caught the wanting to win bug, her and Vulcans initiative seems more based on getting the cap under control and going ground level to leave things in a better place for a potential buyer.
 
Do we want the sale to be quick or is it better that it's drawn out? We don't want it to be arduous of course, but maybe if it's drawn out a bit, it means due dillegence is being followed and we get a better owner for it.
 
Now that Dirk has publicly stated he's done with the Mavs and Cuban is pissed at the Mavs ownership, I'd love to see them put together a bid for the Blazers..Cuban gives a shit about his team and his players...would be a great owner. Understands how to build a champion.
 
Chris Craig said:
Do we want the sale to be quick or is it better that it's drawn out? We don't want it to be arduous of course, but maybe if it's drawn out a bit, it means due dillegence is being followed and we get a better owner for it.
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I don't think a longer process would mean a better new owner. I just don't see how the two coincide. I don't think Jodie or Bert will be doing due diligence, they'll just take the most money. In that way, I hope someone who really wants our team contacts them in the next couple of days and blows their doors off with an offer at around 3.8B that they don't even have to think about. I would love a new owner who is extremely motivated to own the team as soon as possible.
 
Chris Craig said:
Crazy the former Celtics owner bought the team in 2002 for 360 million and sold it for 6 billion.
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When you look at the beginning and ending amount over 23+ years it seems insane. But that return you list is 13.0% per year. The stock market has averaged 10.4% since 1957... so its 2.6% above the stock market. So looks very different depending on how you frame it.
 
riverman said:
Now that Dirk has publicly stated he's done with the Mavs and Cuban is pissed at the Mavs ownership, I'd love to see them put together a bid for the Blazers..Cuban gives a shit about his team and his players...would be a great owner. Understands how to build a champion.
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Not the deepest pockets anymore with an estimated 5.7B net worth. I sure would love him as an owner though, maybe he could own a 51% controlling interest and he has the connections to raise the rest from other billionaires he'd like to be in business with. What I'm really hoping for (keeping Cuban in mind) is an owner with his enthusiasm for our team. I also hope whoever it is trusts their ability to hire the right basketball minds enough to let either our current front office or a new GM and staff have a helluva lot more autonomy than what Joe described has been going on with Bert.
 
Chris Craig said:
Do you guys think the negatives of the franchise (being a small market, not a destination for big name free agents, our terrible luck, etc) will effect potential bidders desire to buy the team?
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Being a smaller market might lower the price. If it was the Warriors/Knicks/Lakers it might even go to 7/8+ billion. Blazers aren't going to get close to that.

I think there will be plenty of bidders, heck might even be more bidders as some groups might not be able to afford $6 billion+ bid for the Celtics but can just barely get to a $3.5-4.5 billion bid.
 
Chris Craig said:
I have a feeling it's going to be a long process. I just hope we get an owner who wants to win. Though Jody kind of caught the wanting to win bug, her and Vulcans initiative seems more based on getting the cap under control and going ground level to leave things in a better place for a potential buyer.
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I can't wait until the day we no longer hear the words "Vulcan" or "Kolde" with the Blazers.
 
Chris Craig said:
Do we want the sale to be quick or is it better that it's drawn out? We don't want it to be arduous of course, but maybe if it's drawn out a bit, it means due dillegence is being followed and we get a better owner for it.
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Ideally its one of the best owners and quick.

I do think the trust was slick in timing it right now. All 29 owners are going to push for a great deal since it will be the most recent comp for expansion fee. Other years the 29 owners sure would always like higher value but in general with the Blazers they really just wouldn't care.
 
SharpesTriumph said:
When you look at the beginning and ending amount over 23+ years it seems insane. But that return you list is 13.0% per year. The stock market has averaged 10.4% since 1957... so its 2.6% above the stock market. So looks very different depending on how you frame it.
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I don't know 2.6% is a pretty hefty jump up when we're getting into growth on that scale.
 
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