Blazers are for Sale

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blazerkor said:
Well I think naming the team the Ducks would only water down the brand that Knight has already pumped billions into building at U of O.
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chris_in_pdx said:
Some of the local sports talk guys were tweeting Mark Cuban to get back into the NBA ownership game and buy the Blazers.
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At least he's young, but he's not necessarily rich.
 
PDXFonz said:
Lebron is wealthy enough to own a sports team. There have been reports of him wanting to own an NBA team like MJ when he retires, and there have been reports of the city of Las Vegas being a possible location for an NBA team if there were any market changes in the league expansion or relocation; as well as being reported that LeBron himself would want to own a team in Vegas specifically.

I do legitimately think that lebrons retirement and interest will be a determining factor in expansion.
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No LeBron is not.... he is worth 1.2 billion which would rank somewhere around the 3000th richest person in the world.

But to buy an NBA team you need liquid assets. The NBA doesn't allow financing the purchase with debt. So how much actual cash could LeBron raise? Probably a couple hundred million. But I'd bet the vast majority of of it is tied up in investments or other endeavors. Celtics sold for $6 billion. Other teams previously sold for over $4 billion.

So no - LeBron couldn't even get his foot in the door as one of the larger minority owners.
 
SharpesTriumph said:
No LeBron is not.... he is worth 1.2 billion which would rank somewhere around the 3000th richest person in the world.

But to buy an NBA team you need liquid assets. The NBA doesn't allow financing the purchase with debt. So how much actual cash could LeBron raise? Probably a couple hundred million. But I bet most of it is tied up. Celtics sold for $6 billion so LeBron couldn't even get his foot in the door as one of the larger minority owners.
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I think when LeBron "buys" a team he will be the "owner" along with a bunch of much richer friends as co-owners who realize the value of LeBron being the face of their ownership group.
 
riverman said:
Well the Blazers up for grabs then along with a few buddies I'd say it's Dame Time!!! You know he wants to own at least a part of this team. He should call Bron and Melo!
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Maybe if the three of them pooled all their money they could each buy a couple percent of the team. Together they could own maybe 6%.
 
crandc said:
There are degrees. Paul Allen vs Elon? No comparison.
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Well. I guess once you get past the fact that merely sitting on obscene wealth as millions starve is itself abhorrent, there are degrees of awfulness in the people in that situation.
 
blazerkor said:
I'm convinced that Bron will be the face of the Vegas expansion team... that's what he wants and I think that LeBron still playing is why Silver said he is waiting on the expansion process. Not a conspiracy theory, just a theory. It's great marketing for the league to have a former player as an owner, showing just what the league can do for their players.

I'm sure there are a lot of ultra rich people calling each other right now and trying to figure out a face for the team. Dame would be a very marketable "owner".
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The League already has ex player minority owners - Wade, David Robinson, Grant Hill, MJ. Minority owners just don't matter much. When MJ was a majority owner of the Hornets it did mean something.

Cuban saw a couple months ago how relevant a minority owner is to decisions the franchise makes.

I don't see how LeBron/Dame/etc owning a couple percent is any different than Wade in Utah.
 
e_blazer said:
I’m guessing that Trump is trying to get the Qatar guys to buy the team for him.
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You joke but more likely is the Saudi Sovereign Wealth fund that already owns teams like Newcastle United and entire Golf leagues. Get ready for our new mascot to be a bone saw.
 
SharpesTriumph said:
Maybe if the three of them pooled all their money they could each buy a couple percent of the team. Together they could own maybe 6%.
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LeBron has been talking about ownership for a while now so I'd assume (and I know what assuming does) that he's found a way to pool enough liquidity to put up 200-300M to own around 10% of a team and probably has a lot of investors lined up to make up the rest of the ~4B to make LeBron the face of an ownership group. Time will tell. I don't think LeBron will have anything to do with our team. I do think Silver again kicking the can on expansion has probably got something to do with him both wanting LeBron to be the face of ownership of a franchise (likely a Vegas franchise) and wanting LeBron to play at least one more year in the league.

LeBron makes way more money for the league than his NBA salary... obviously they've given him the platform to become the billionaire that he is. That being said, I think it's very likely that LeBron or more likely LeBron's people have regular discussions with the league about expansion and what their plan to be involved in that would look like.
 
Ripcity4life77 said:
Prayers do come true --- finally some good news

Also this puts pressure on Cronin and Billups cause good chance the new owners will want to bring in the own people so unless they crush it they are on borrowed time too.

BEST BLAZERS NEWS EVER ( outside of lotto luck )--- maybe since the new owners might suck but not going to focus on possible bad things only good things.
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You have no idea about what you speak. You have no idea about anything about the new owners. Not a thing. “Best Blazers news ever”? You have no idea.
 
SharpesTriumph said:
The League already has ex player minority owners - Wade, David Robinson, Grant Hill, MJ. Minority owners just don't matter much. When MJ was a majority owner of the Hornets it did mean something.

Cuban saw a couple months ago how relevant a minority owner is to decisions the franchise makes.

I don't see how LeBron/Dame/etc owning a couple percent is any different than Wade in Utah.
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The ownership group just makes the model look different mostly for marketing reasons. They break down ownership into smaller pieces or agree that the majority owner isn't the controlling owner. I think having MJ at the head of the Hronets gave it some prestige and I think having LeBron as the figurehead would be a value add. Like I said, we'll see if it all comes to fruition at some point but probably not for a couple more years.
 
blazerkor said:
LeBron has been talking about ownership for a while now so I'd assume (and I know what assuming does) that he's found a way to pool enough liquidity to put up 200-300M to own around 10% of a team and probably has a lot of investors lined up to make up the rest of the ~4B to make LeBron the face of an ownership group. Time will tell. I don't think LeBron will have anything to do with our team. I do think Silver again kicking the can on expansion has probably got something to do with him both wanting LeBron to be the face of ownership of a franchise (likely a Vegas franchise) and wanting LeBron to play at least one more year in the league.

LeBron makes way more money for the league than his NBA salary... obviously they've given him the platform to become the billionaire that he is. That being said, I think it's very likely that LeBron or more likely LeBron's people have regular discussions with the league about expansion and what there plan to be involved in that would look like.
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Did MJ make a bunch of money for the league owning the Hornets? I mean he is still a minority owner today. I guess I don't see how the Hornets are pulling in fistfulls of cash with MJ as a minority player.

Sure - maybe your right and LBJ will be minority Vegas owner.

However him being a 5-10% owner wouldn't give him any control of basketball operations, or insight to trades, or even a heads up that they are trading away a superstar player like Luka. It just means he could earn some cash or sell crap for the team like he sells shoes with Nike. MJ was totally different as he actually was the majority owner and decision maker. But MJ role today would be the same as LBJ - which is basically irrelevant.

The real story would be whoever has control of the team and is or appoints the teams governor.

Same as if Dame gets involved with some ownership group for the Blazers. Dame would have no power besides what any friend or employee or consultant has with a team. He could be shut out from all decisions or input at any time. So the only real thing to pay attention to is who is the big majority owner.
 
THE HCP said:
You have no idea about what you speak. You have no idea about anything about the new owners. Not a thing. “Best Blazers news ever”? You have no idea.
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Yikes that sounds ominous from an employee of the team. Keeping my fingers crossed that your just talking about possibilities and not terrible inevitabilities.
 
blazerkor said:
The ownership group just makes the model look different mostly for marketing reasons. They break down ownership into smaller pieces or agree that the majority owner isn't the controlling owner. I think having MJ at the head of the Hronets gave it some prestige and I think having LeBron as the figurehead would be a value add. Like I said, we'll see if it all comes to fruition at some point but probably not for a couple more years.
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MJ was the primary owner of the Hornets. LeBron wouldn't be that. LeBron would be what MJ is today for the Hornets - a complete afterthought.

Maybe they stick his face on some television ads or sit him courtside but it would be the same as if they named him GM or coach or whatever. Just some position at the whims of the real owner that can be replaced at any time.
 
Lot of celebrities own sports franchises or minority stakes in them..Russel Crowe owns a Rugby team Elton John a soccer team, Bill Maher was a minority owner of the Mets, Magic Johnson had a piece of the Lakers...Shaq the Kings, I don't know why Lebron or Melo who have investment corporations in place already or Dame who has connections with Toyota, Adidas, the Rap community, Boxing community and basketball would be any different than a Mark Cuban buying a team with financial support. They need a solid line of credit as much as anything. All those guys apparently have at least that going on. At any rate, somebody will jump at the chance to buy this team. I expect it to be soon and no....although I like the idea, I don't think it's going to be Dame..I just thought his injury might make him rethink his job description moving forward.
 
riverman said:
Lot of celebrities own sports franchises or minority stakes in them..Russel Crowe owns a Rugby team Elton John a soccer team, Bill Maher was a minority owner of the Mets, Magic Johnson had a piece of the Lakers...Shaq the Kings, I don't know why Lebron or Melo who have investment corporations in place already or Dame who has connections with Toyota, Adidas, the Rap community, Boxing community and basketball would be any different than a Mark Cuban buying a team with financial support. They need a solid line of credit as much as anything. All those guys apparently do.
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Magic sold his Lakers shares in 2010.
Shaq sold his Kings shares in 2022.

NBA doesn't allow owners to finance team purchase with debt.
 
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