New owner... Tom Dundon? (1 Viewer)

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crandc said:
It's not tearing someone down to note he's imperfect and made a bad decision. I'm glad sale is done so no more uncertainty. For the rest, wait and see.
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Not technically done yet. Still has to be approved by the owners.
 
SharpesTriumph said:
Yeah I'm fine with listing it along with dozens of his investments that worked great and show that some work and some don't. Same as in an NBA game we list turnovers.

But people are singling out this AAF as though its a bad reflection on Dundon. It's not - it's just a normal expected result of some investments not working out. Wealthy investors have tons that work and tons that don't.
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Actually, it is a bad reflection on Dundon, at least based on the information available. He's quoted as saying "It all came together on Wednesday and Thursday of last week. I wish it was more thought out than that, but it was that simple."

Making an investment with little thought, little due diligence, more often than not works out the way it did here: with a loss of the investment.

However, one thing we don't know, is how much money he actually lost. There's obviously a difference between making a tiny bad investment and making a huge bad investment.

If you think randomly throwing money at lots of different things is how people make lots of money, I have several dozen opportunities for you... if you act by midnight tonight.

barfo
 
barfo said:
Actually, it is a bad reflection on Dundon, at least based on the information available. He's quoted as saying "It all came together on Wednesday and Thursday of last week. I wish it was more thought out than that, but it was that simple."

Making an investment with little thought, little due diligence, more often than not works out the way it did here: with a loss of the investment.

However, one thing we don't know, is how much money he actually lost. There's obviously a difference between making a tiny bad investment and making a huge bad investment.

If you think randomly throwing money at lots of different things is how people make lots of money, I have several dozen opportunities for you... if you act by midnight tonight.

barfo
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Maybe it was a stupid decision at the time or maybe not. It's nuts that you think a few quotes on the Internet give you the insight to make that definitive judgement. Or that you think he's going to publicly give complete explanations on the investment rationale.

We really have no idea what the upside to the investment was. Obviously it didn't work out, just like often times is the case buying a stock or many other investments with risk.
 
SharpesTriumph said:
Maybe it was a stupid decision at the time or maybe not. It's nuts that you think a few quotes on the Internet give you the insight to make that definitive judgement. Or that you think he's going to publicly give complete explanations on the investment rationale.

We really have no idea what the upside to the investment was. Obviously it didn't work out, just like often times is the case buying a stock or many other investments with risk.
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It's not a definitive judgement. There's obviously a lot we don't know, as I've pointed out myself.

On the other hand, if we shouldn't comment on things we don't know everything about - well, there would be approximately zero posts on this forum.

We likely do know what the upside was, though: there was no upside. He lost whatever money he invested.

We don't know what he imagined might happen, but we do know he was mistaken if he expected something other a total loss.

barfo
 
It's not like Dundon lied to and suckered banks and investors, refused to pay contractors, siphoned off money, then filed bankruptcy, six times, like some "billionaires." His sub prime loan business does leave a bit of a sour taste in my mouth, but it's certainly no worse than every other billionaire on the planet. Granting that he is a ways out from actually showing us how he's going to run the team, I think we should all be breathing a huge sigh of relief and be thankful with how this sale is turning out. I for one doubt we could have gotten a better owner, and for now I choose to be optimistic.
 
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SharpesTriumph said:
Might be unusual to people in Portland or Oakland. But most of the country is - and especially sport franchise owners. Thats why the guy got handily elected twice.
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Sports owners probably. Most of the country? Check approval rating lately?

Teams are face of a community. I don't live in Portland but I think most Portlanders like Black History Month and Pride a lot more than Putin and Ghislaine Maxwell.
 
BoBoBREWSKI said:
You goons will believe anything.

https://www.nhl.com/hurricanes/community/pride-night
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I came into this thread without reading the above stuff yet. I read your comment first. Then I looked at the reddit thread.

What you linked is for a game in December 2024. Which was last season. The reddit thread says they changed pride night to everyone is welcome night. I clicked on the hurricane theme night webpage and scrolled all the way down and saw they no longer have a pride night for next season.

I'm confused by your comment now.
 
Well I may be wrong, but you all are still a bunch of goons.
:bgrin:
Maybe Pride Night last season wasnt successful so they are changing it up to be more inclusive to everyone to drive ticket sales? That is after all one of the reasons for theme nights for any team, to get people to come who might not normally buy a ticket to a game.
 
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First of all, everyone is welcome on Pride night. Second, far from hurting attendance, people who don't normally attend will for that game.
 
A's used to have a dog day. Canine fans and their humans were allowed onto field before game and seated in special section.
 
SlyPokerDog said:
They should have a dog night.
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SharpeScooterShooter said:
Same people love to tear anything down that has a positive look. Negative mindset is the predominant position so many Blazer fans have…
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Correct, I like to call them Negative Nancy's and even Portland media. Crapzono and Quick and now others.

Why was that article written in the first place? Hasn't been owner for one month and they post that article? Trash
 
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barfo said:
We likely do know what the upside was, though: there was no upside. He lost whatever money he invested.

We don't know what he imagined might happen, but we do know he was mistaken if he expected something other a total loss.
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The upside is viewed when the investment was made - not in hindsight. I'm sorry that you and others don't understand such basic investment principles.

Odd that people are so eager to go get their pitchforks out on any delusional argument like this. Perhaps other posters here are right and people just can't wait to try and tear down any new Blazers owner/executive/etc.

Remember all the delusional hysteria about Billups being a "rapist" when hired? Then prosecutor comes out and basically silences all of that.
 
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