Blazers are for Sale

[kjironman1]

Waited until after they knew what pick they had coming.

 

[SharpesTriumph]

Teams always sell for more than they're valued at. Despite its issues, the franchise is one of 30, in an insanely elite group.

What were the Timberwolves valued at when that agreement was signed? Glen Taylor was an idiot though - so most sellers probably would have profited far more than him.

 

[wizenheimer]

Waited until after they knew what pick they had coming.

obviously

if they had won the lottery, they still might have announced the new today, but they would be using that lever heavily

 

[superfly4201]

I heard somewhere that Flagg potentially brings in an obscene amount of value for whatever team gets him.

So it makes sense to do it after. But not necessarily caused by losing out on him.

No, I agree they were probably announcing either way today. They would of just been asking for more if we had the golden ticket handed to us yesterday.

 

[SharpesTriumph]

So Timberwolves sold last month for $1.5 billion. But the agreement was signed in 2021.

Forbes shows it worth $3.1 billion last year in 2024 which is #28 in the NBA. It was worth $1.6 billion in 2021.

So I guess teams can sell for LESS than their value. I'd expect Jody and the trust get a much better price than Glen Taylor though.

 

[PDXFonz]

No, I agree they were probably announcing either way today. They would have just been asking for more if we had the golden ticket handed to us yesterday.

Don’t think it would have gone through by the draft. If someone said “I want them today” and it doesn’t go through in time… Who actually makes the decision come draft day?

I’d be fuming if someone else other than the legitimate ownership were allowed to make that decision before everything were finalized.

 

[Mediocre Man]

Serious ish question.

Does Dame put together a group to buy the team? Then retire if they win the bid?

 

[Mediocre Man]

We will be selling to Mark Cuban!

That would be phenomenal

 

[BigGameDamian]

Great news, after 30 plus years the franchise will be rid of Bert Kolde!

It will be great news if the team stays in Portland and doesn’t relocate somewhere else.

 

[SharpesTriumph]

Blazers ranked as #24 NBA franchise in worth by Forbes at $3.5 billion in October 2024.

Kind of pathetic we're ranked 24th.

Some of the teams ranked higher than the Blazers are even smaller markets or little fan support - Jazz, Pacers, Thunder, Kings, Hawks, Cavs, Bucks, Wizards, Raptors,

 

[SharpesTriumph]

Serious ish question.

Does Dame put together a group to buy the team? Then retire if they win the bid?

Multiple people have been saying this. But he just doesn't have the wealth to even register in that neighborhood. I guess he could own like 1% of the team but be a spokesperson?

Maybe if he can find an Elon type of backer that lets him be the figure head. It would need to be some person or group both crazy wealthy but also that doesn't want to have much direct involvement.

 

[BigGameDamian]

 

[AldoTrapani]

Somebody copy and paste the article

 

[BoBoBREWSKI]

Somebody please DONT copy and paste Crapzano's article. He's a clueless ego filled idiot.

 

[Trailblazers76]

I would think the league would block the sale if there was a plan to move the team. The league would still want a team in the PNW. Unless it's to move to Seattle. Could you imagine the Blazers being renamed to the Seattle Supersonics? Dear God.

I don't know if this is a good thing. The Allens' deep pockets were a nice luxury for a small market club. There's also not a lot of mega wealthy people that have ties/loyalty to Portland or Oregon.

 

[inconceivable]

 

[PDXFonz]

I would think the league would block the sale if there was a plan to move the team. The league would still want a team in the PNW. Unless it's to move to Seattle. Could you imagine the Blazers being renamed to the Seattle Supersonics? Dear God.

I don't know if this is a good thing. The Allens' deep pockets were a nice luxury for a small market club. There's also not a lot of mega wealthy people that have ties/loyalty to Portland or Oregon.

Why? Removing the Northwest drastically changes the geographical impact of travel for the entire league. Having a team somewhere like Vegas rather than here suits the NBA’s recent agenda too much to think that they wouldn’t be fine if the NBA didn’t exist in the PNW.

 

[SharpesTriumph]

Somebody please DONT copy and paste Crapzano's article. He's a clueless ego filled idiot.

Done

 

[BoBoBREWSKI]

All of you who think there is any chance the team will move when sold

 

[BigGameDamian]

There also was talk of Merritt Paulson being interested a few years ago but he would need help.

 

[Wizard Mentor]

I thought Paul put in his will that the Blazers when sold would be required to stay in Portland. I might be confused, it was a while ago. Anyone confirm/deny?

 

[Mediocre Man]

All of you who think there is any chance the team will move when sold

In fairness, there is a chance.

 

[BoBoBREWSKI]

In fairness, there is a chance.

I have a chance at winning PowerBall but it ain't gonna happen.

 

[PDXFonz]

I have a chance at winning PowerBall but it ain't gonna happen.

It could though…

It’s probably more likely that we see an expansion before we see another relocation. From a business perspective it makes more sense. It’s like diversifying assets rather than moving your shares to another company.

 

[Mediocre Man]

I have a chance at winning PowerBall but it ain't gonna happen.

Exactly. It’s higher than that though. It would cost the new owner billions to get out of the lease

 

[Cugel]

Silver just said yesterday that expansion is not going to happen right away. Would imagine moving a team is no picnic. I refuse to believe, atm, they will be moved.

there are just not that many wealthy Oregonians so it would have to be purely for profit owners ie not for any warm fuzzys

 

[e_blazer]

I’m guessing that Trump is trying to get the Qatar guys to buy the team for him.

 

[crandc]

Would you guys still be Blazers fans if they moved to say Vegas? I do not think they will move. NBA wants us here when they bring back the Sonics.

No
No more than Sacramento A's

 

[Natebishop3]

I have a chance at winning PowerBall but it ain't gonna happen.

Have you given anything to the Lakers recently? Apparently they’re the ultimate good luck charm.

 

[crandc]

There are non-horrible billionaires? Well, if there are
(a) they just became a billionaire, but
(b) they won't be for long because they plan to give it all away

There are degrees. Paul Allen vs Elon? No comparison.