Phil knight offers to buy blazers

[BlazerBeav]

Dodgers have money to burn, but it's a good sign that they've clearly been willing to do so in order to win (and have been winning).

 

[RR7]

 

[illmatic99]

https://en.wikipedia.org/wiki/Alan_Smolinisky

 

[Scalma]

RIP CITY BAAAAABYYYY

This would be massive.

 

[FlashWad]

YESSS!!! PLEASE JODY SELL TO PHIL AND CO RIGHT AWAY!!! FINALLY SOME GOOD BLAZER NEWS

 

[BoBoBREWSKI]

What does this mean? Can someone explain it to us old guys?

 

[Scalma]

Lebron is coming home

 

[illmatic99]

how come no-one mentioned phil knight on this forum

he has always said he never wanted to own the team. this was from a decade ago.

https://www.blazersedge.com/2011/10...-knight-not-interested-in-ever-owning-blazers

 

[Hoopguru]

I said last week I preferred a local owner and got chastised for it. You have not because you ask not!

 

[Eastoff]

What does this mean? Can someone explain it to us old guys?

He doesn't want to take a Loss on paying for sneakers.

 

[illmatic99]

What does this mean? Can someone explain it to us old guys?

SNKRS is a Nike app where people by high-demand shoes. Hart is saying as a Blazer player/Phil Knight employee, he should be able to get the inside track on shoe releases, etc.

 

[Eastoff]

he has always said he never wanted to own the team. this was from a decade ago.

https://www.blazersedge.com/2011/10...-knight-not-interested-in-ever-owning-blazers

View attachment 47753

By Ben Golliver

 

[illmatic99]

By Ben Golliver

i mean, it was a direct quote from Phil, but yes. By Ben Golliver.

 

[Mr. Robot]

surely, jody allen will sell it to the local (very rich guy) guy who want to keep the team in portland

or maybe she doesnt give a fuck and sells the franchise to the highest bidder

 

[TBpup]

There would be n succession plan required by the NBA, I would think?

With Knight's age, there would almost absolutely be some type of succession plan in place upon purchase. Same would likely be the case if Ellison bought the team....with his son as future owner.

 

[illmatic99]

Smolinisky is only 42. His Wikipedia entry sounds like a really smart dude who has worked his butt off and who may actually give a crap about people, too. First I've heard of him.

and philanthropic with no obvious scandals/skeletons.

I'm on board!

 

[illmatic99]

surely, jody allen will sell it to the local (very rich guy) guy who want to keep the team in portland

or maybe she doesnt give a fuck and sells the franchise to the highest bidder

this is her fiduciary obligation. the previous news cited a potential auction to find the highest bidder. but i'm sure adam silver would rather the team be sold to a group headlined by Knight. Will be interesting to see if any other groups make a written bid like this one.

 

[riverman]

No problem with Phil buying the franchise ...now let Mathew Knight Arena become the next home of the Eugene Stampede!!!!! I'll buy season tickets if he does!

 

[tlongII]

well, he has children after all, they will probably take over once phil is not with us anymore

he wouldnt try to buy the franchise if the plan doesnt exist, hes not stupid, he knows hes 84 and that he probably wont live much longer... imagine buying the franchise at the age of 84, just to sell it when you die... it makes no sense at all

Phil has a net worth over $43 B so this isn't that big of a deal to him I think.

 

[theprunetang]

Where does this leave @BLAZINGGIANTS and @UncleCliffy'sDaddy and the like?

 

[Eastoff]

i mean, it was a direct quote from Phil, but yes. By Ben Golliver.

Whenever I read it, I reflexively want to quote it.

 

[RR7]

this is her fiduciary obligation. the previous news cited a potential auction to find the highest bidder. but i'm sure adam silver would rather the team be sold to a group headlined by Knight. Will be interesting to see if any other groups make a written bid like this one.

If she sells immediately, then technically this is the highest bidder!!

Please. Please.

 

[Scalma]

Luxury tax won’t mean shit to Knight btw. We’re also gonna have 7 statement jerseys.

 

[Eastoff]

this is her fiduciary obligation. the previous news cited a potential auction to find the highest bidder. but i'm sure adam silver would rather the team be sold to a group headlined by Knight. Will be interesting to see if any other groups make a written bid like this one.

I could imagine them avoiding it because of conflicts of interest.

 

[tlongII]

he has always said he never wanted to own the team. this was from a decade ago.

https://www.blazersedge.com/2011/10...-knight-not-interested-in-ever-owning-blazers

View attachment 47753

I'm sure he didn't anticipate that Paul Allen would pass away before he did.

 

[TBpup]

Adidas will have to pay Dame MORE money....

 

[illmatic99]

Woj says 2 billion "plus"

The highest sales for NBA franchises without considering inflation have been:

1. Brooklyn - $ 3.3 billion - Joe Tsai, 2019
2. Houston - $2.2 billion- Tillman Fretitta, 2017
3. Clippers - $2.0 billion- Balmer, 2014
4. Utah - $1.6 billion- Ryan Smith, 2020
5. Minny - $1.5 billion - ARod et al., 2021


This sale could potentially be the second highest true valuation the league has ever transacted if it goes through.

 

[illmatic99]

If she sells immediately, then technically this is the highest bidder!!

Please. Please.

i hope so, just worried about the $3 billion number being floated in the Canzano pieces. I hope he's wrong as always.

 

[Scalma]

“Discussions ongoing”

Aka it’s gonna happen.

 

[BigGameDamian]

Adidas will have to pay Dame MORE money....

Or Dame gets traded….Expect the unexpected. I don’t think anyone knows what will happen.