santeesioux
Just keep on scrolling by
- Joined
- Dec 3, 2008
- Messages
- 10,752
- Likes
- 5,333
- Points
- 113
Portland Trail Blazer owner Paul Allen is once again entertaining offers to sell the team, according to sources with knowledge of the situation.
At least two groups have apparently approached Allen, who briefly put the team on the market in the spring of 2006 before apparently changing his mind and withdrawing it. At that time, it was reported that as many as 14 groups expressed an interest in purchasing the team and its arena, the Rose Garden, and were asked to pay a $100,000 application fee to validate their interest.
One of those interested groups is said to be based in Los Angeles and the other is said to be a local group. One of the prospective purchasing groups is far enough along in discussions that it has scheduled a trip to the Rose Quarter to look at the team’s books and assess the arena.
It has been emphasized that neither group has any interest in moving the team out of Portland. The team’s lease and “exclusive site agreement” – which was personally guaranteed by Allen’s signature -- ensures the team cannot be moved through 2023.
http://www.csnnw.com/pages/landingd...ast-two-offers-f=1&blockID=679240&feedID=8351

