Phil knight offers to buy blazers

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SharpesTriumph said:
Get back to me when she pays ONE year of luxury tax.
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She's smarter than that..with the injuries that we've had since she took over, no savvy business person would have gone into the tax and fact is, the guys we wanted and might have paid for didn't want to come here. Neil basically mined 2nd year draft picks that couldn't crack the rosters and old vets. Paul drafted all the guards...we've gotten bigger under Jody and starting turning around the team. I give her a lot of credit actually but I wouldn't think twice if she sold the team either. Players who would come here got paid well and still do...CJ, ET, Grant, etc...Ant
 
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People love to use that, "It starts at the top", adage. Well, the Blazers are playing harder than any of the last2 or 3 coaches. She hired the coach.

Good kids, hard working, respectful, and doing it right. What's not to like?
 
riverman said:
Jody just built a G league team and renovated the Moda Center and the Practice Facility..I don't see that as "absentee" in my view she's shown a lot of initiative since Paul passed
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I'm not suggesting she is an absentee owner. But she certainly isn't an owner because she cared about being one before Paul Allen died.

She has other motives.
 
Phatguysrule said:
I'm not suggesting she is an absentee owner. But she certainly isn't an owner because she cared about being one before Paul Allen died.

She has other motives.
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Not sure if she ever had the personal resources to buy a team?

I'm also skeptical of this 'she's only in it for the money' theory. Evidence?

Maybe a more generous interpretation would be that she cares about the Blazers because Paul cared about the Blazers.

barfo
 
barfo said:
Not sure if she ever had the personal resources to buy a team?

I'm also skeptical of this 'she's only in it for the money' theory. Evidence?

Maybe a more generous interpretation would be that she cares about the Blazers because Paul cared about the Blazers.

barfo
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She didn't come to any games when Paul was alive...
Seems like a no brainer that she didn't care much until he died. At least, I've seen nothing that would lead me to think otherwise.
 
Phatguysrule said:
She didn't come to any games when Paul was alive...
Seems like a no brainer that she didn't care much until he died. At least, I've seen nothing that would lead me to think otherwise.
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I don't know her and maybe she is just a money-grubbing weasel as you suggest.

But it's also possible that while she was never a basketball fan herself, she cares about it now because Paul cared so much about it. If true, it certainly wouldn't be the first time someone inherited something and formed an attachment to it because it reminded them of their deceased loved one.

Another possibility is that she's just doing her job as trustee, patiently waiting to maximize the sale price, as that will maximize the philanthropic impact.
To me, that last option is vastly more dangerous than the first, as the highest price could come with a new address.

barfo
 
barfo said:
I don't know her and maybe she is just a money-grubbing weasel as you suggest.

But it's also possible that while she was never a basketball fan herself, she cares about it now because Paul cared so much about it. If true, it certainly wouldn't be the first time someone inherited something and formed an attachment to it because it reminded them of their deceased loved one.

Another possibility is that she's just doing her job as trustee, patiently waiting to maximize the sale price, as that will maximize the philanthropic impact.
To me, that last option is vastly more dangerous than the first, as the highest price could come with a new address.

barfo
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When did I say she was a money grubbing weasel?

Checking.... Nope. I didn't.

All of those are reasons that I'd want her to sell to Phil Knight. None of them make me excited to have her as owner.

And I still want Vulcan and Kolde away from the team, regardless of Jody.
 
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Phatguysrule said:
When did I say she was a money grubbing weasel?

Checking.... Nope. I didn't.
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Well, you did not use those exact words, true.

You did suggest that the estate was holding onto the team to benefit her personally.

barfo
 
barfo said:
Well, you did not use those exact words, true.

You did suggest that the estate was holding onto the team to benefit her personally.

barfo
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True. I think tens to hundreds of millions of dollars in salary is decent incentive.

But that doesn't make her a weasel. Any way you look at it she makes more money by keeping the steeply appreciating assets longer. But likely so does the trust. So it's not a conflict from her perspective.

I don't have much of a problem with Jody. I'm just not excited about her.

I do have a problem with Kolde and Vulcan, and I want them gone. Which won't happen as long as Jody is governor of the team.
 
Ive come around on Jody. I want the vulcans out but Jody seems to know to hand over operations and not meddle where she is out of her realm.
Cronin and Chauncey sure seem to have us trending in the right direction.
Let the cake bake until Phil ups the anti to be in the market range.
No issues with Phil buying as the Albina project alone is huge and im sure would spill over to the moda area.
But otherwise im no longer on the “ sell the team now Jody!!!” Train…
 
Phatguysrule said:
True. I think tens to hundreds of millions of dollars in salary is decent incentive.

But that doesn't make her a weasel. Any way you look at it she makes more money by keeping the steeply appreciating assets longer. But likely so does the trust. So it's not a conflict from her perspective.

I don't have much of a problem with Jody. I'm just not excited about her.

I do have a problem with Kolde and Vulcan, and I want them gone. Which won't happen as long as Jody is governor of the team.
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I tend to agree. What would have to happen for Jody and the vulcanites to split?
Im okay with Jody, but like you, want the Vulcans out. Their nickel and diming of the in game experience is nauseating and insulting to me as a season ticket holder. Im paying more now than when i started and getting far less value. Im 99% certain that even if Jody signs off on such things, its those fricken Vulcans pulling the strings.
 
Phatguysrule said:
I'm also not an expert in such things, however, from looking online it appears that between .5% and 2% is typical. My initial math was off, so I had a crazy low percentage. I would expect Paul to pay his sister on the high end to manage his trust. And they obviously value the team at far above $2 billion since they didn't give Phil Knight the time of day over a year ago...

Washington State Legislature
RCW 68.44.140


*Edit* Does it change things if she's only making $80 million per year to keep the Blazers off the market?
Plus, she'd be making an additional $96 million for keeping the Seahawks.

Roughly $175 million is a pretty decent annual salary...
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1-2% seems to be a fairly common management fee for banks and brokerages. I'm guessing that each entity in PA's estate isn't in a separate trust...probably just one large trust that holds all the assets. I don't know all the assets in that trust other than the Blazers and Seahawks. I read that since 2021, the trust had sold 233M in real estate. That's a lot but there is this:

upload_2023-11-30_7-58-58.png

according to that article, Vulcan real Estate, which is part of the trust, had over 4B in assets in Seattle alone

if all of the sales were for property and assets that were in the trust, the proceeds were likely just plowed back into the trust
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a year ago, PA's art collection was sold:

upload_2023-11-30_8-3-35.png

now...was that 1.6B kept in the trust? Probably
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this was a 2019 snapshot that may not have been complete and certainly isn't current:

upload_2023-11-30_8-7-56.png

https://moneymade.io/learn/article/paul-allen-net-worth

those numbers are low for the seahawks and blazers. They say about 6.5B when the current value is around 8B. That shows 6B in real estate, most of it in Seattle, and reporting is the trust has only 20ld 233M in real estate. The mega-yachts were sold, but did that money (460M) go back into the trust?

I haven't heard whether the trust has liquidated any stocks

but assuming that the trust has not liquidated much of it's assets other than the art collection, and also assuming appreciation on the values of real estate and stocks, the trust could be valued in the 20-25B range. Further assuming an average management fee of say, 1.5%, that fee could fall in the 300-400M range. Now, JA is a Vulcan so maybe she is maxing the management fee (I probably would), so it could be in the 500-600M range. The fee for managing the two sports teams could be in the 80-200M range; for managing the Blazers it could be in the 30-70M range

the incentive seems to be to maximize the life of that trust. It's a cash cow for JA. Obviously, she doesn't get all of that fee income. I'd imagine the trust employs dozens of people. Still, it's a pretty luxurious job if you can get that kind of work
 
wizenheimer said:
1-2% seems to be a fairly common management fee for banks and brokerages. I'm guessing that each entity in PA's estate isn't in a separate trust...probably just one large trust that holds all the assets. I don't know all the assets in that trust other than the Blazers and Seahawks. I read that since 2021, the trust had sold 233M in real estate. That's a lot but there is this:

View attachment 60026

according to that article, Vulcan real Estate, which is part of the trust, had over 4B in assets in Seattle alone

if all of the sales were for property and assets that were in the trust, the proceeds were likely just plowed back into the trust
********************************************
a year ago, PA's art collection was sold:

View attachment 60028

now...was that 1.6B kept in the trust? Probably
****************************************************************************

this was a 2019 snapshot that may not have been complete and certainly isn't current:

View attachment 60029

https://moneymade.io/learn/article/paul-allen-net-worth

those numbers are low for the seahawks and blazers. They say about 6.5B when the current value is around 8B. That shows 6B in real estate, most of it in Seattle, and reporting is the trust has only 20ld 233M in real estate. The mega-yachts were sold, but did that money (460M) go back into the trust?

I haven't heard whether the trust has liquidated any stocks

but assuming that the trust has not liquidated much of it's assets other than the art collection, and also assuming appreciation on the values of real estate and stocks, the trust could be valued in the 20-25B range. Further assuming an average management fee of say, 1.5%, that fee could fall in the 300-400M range. Now, JA is a Vulcan so maybe she is maxing the management fee (I probably would), so it could be in the 500-600M range. The fee for managing the two sports teams could be in the 80-200M range; for managing the Blazers it could be in the 30-70M range

the incentive seems to be to maximize the life of that trust. It's a cash cow for JA. Obviously, she doesn't get all of that fee income. I'd imagine the trust employs dozens of people. Still, it's a pretty luxurious job if you can get that kind of work
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Very nice. Thanks for putting that together!
 
SlyPokerDog said:
Riverboat gambling would also work nicely. Extend the Rose Quarter to the river.
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I'm telling ya! They could make that whole area an amusement center with Indoor Water Park, Rides, a monorail, Multiple restaurants/bars, Dome the whole thing like Fremont St in Vegas. Zip Lines, small concert stages and street acts.
 
Eastoff said:
Fuck, he's the ONLY reason the ducks are relevant.
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in the decade BEFORE Knight invested his first dollar in the UofO, the Ducks had been to 7 bowl games including the Rose Bowl and Cotton Bowl. That's pretty 'relevant'. Knight has been integral in Oregon's rise for sure, but he isn't the only reason for it. After Rich Brooks made Oregon occasionally relevant and competitive, Mike Bellotti built the foundation for the consistently ranked team Oregon has been except for the Helfrich burp
 
kjironman1 said:
I'm telling ya! They could make that whole area an amusement center with Indoor Water Park, Rides, a monorail, Multiple restaurants/bars, Dome the whole thing like Fremont St in Vegas. Zip Lines, small concert stages and street acts.
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They should build another Thunderbird Hotel on the River...
 
Seriously if they did that Portland would pick up quite a bit.
Of course they would have to fix the homeless problem and free trade drug problems. Maybe a huge investment like that would get people to actually make the changes needed?
 
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