Phil knight offers to buy blazers

[AldoTrapani]

If Im Phil Knight (I'm probably wondering why Im chatting on a message board with a bunch of nerds) I'm calling up the Blazers and saying "ok, 5 billion".

What I don’t get is if he’s that serious give her a new record deal. What does it matter he’s going be dead soon, plus everybody knows these teams jump in value like crazy every year. In 10 years it’ll be worth 10B minimum

 

[SharpesTriumph]

In Washington State, a family trust's lifespan is generally limited to 21 years after the death of the last identifiable individual with an interest in the trust at the time of its creation, though dynasty trusts can last for 150 years.
Here's a more detailed breakdown:

• General Rule:
  Washington law generally prevents a private trust from continuing longer than 21 years after the death of the last living person with an interest in the trust at its creation.
• Charitable Trusts:
  Charitable trusts can continue indefinitely.
• Dynasty Trusts:
  These trusts, designed to benefit multiple generations, can remain in existence for 150 years.
• Trust Termination:
  Trusts typically end when the settlor dies or when one of the beneficiaries dies, or after a certain period or event, as outlined in the trust document.
• Revocable Living Trusts:
  These trusts are active as soon as they are created and can be altered, changed, or eliminated completely during the trustor's lifetime.
• Distribution of Assets:
  After a trust's termination, the trustee distributes the assets according to the terms of the trust document.
• QTIP Trust:
  A Qualified Terminable Interest Property (QTIP) Trust ensures the surviving spouse receives income for life while preserving the principal for the beneficiaries designated by the first spouse.

So it can continue for 21 years after Jody death?

I believe I looked some of this up in another thread a year or two ago (I'm a CPA) and a trust can actually legally go as long as people controlling it want it to go it just loses some tax benefits after those 21 year type of periods.

 

[SharpesTriumph]

I think the takeaway years ago was also that we don't know what the trust formation document exactly says. So it's kind of unknown exactly what type of trust it is, what jurisdiction and laws apply to it, and how Jody or others have or can change it.

 

[SlyPokerDog]

I think the takeaway years ago was also that we don't know what the trust formation document exactly says. So it's kind of unknown exactly what type of trust it is, what jurisdiction and laws apply to it, and how Jody or others have or can change it.

Fun fact: The trust becomes void if Canada takes over Oregon.

 

[JfizzleBlazer]

I wonder if Jensen Huang would want to diversify and buy the Blazers. He seems to love Oregon State (just not necessarily for sports), but I know he does donate lots of money there. He spoke at my graduation.

He met his wife at OSU.

He also was present at the All Star Game this year.

https://techsummit.nba.com/

 

[SlyPokerDog]

I wonder if Jensen Huang would want to diversify and buy the Blazers. He seems to love Oregon State (just not necessarily for sports), but I know he does donate lots of money there. He spoke at my graduation.

He met his wife at OSU.

He also was present at the All Star Game this year.

https://techsummit.nba.com/

I think he would rather buy Intel.

 

[SharpesTriumph]

I wonder if Jensen Huang would want to diversify and buy the Blazers. He seems to love Oregon State (just not necessarily for sports), but I know he does donate lots of money there. He spoke at my graduation.

He met his wife at OSU.

He also was present at the All Star Game this year.

https://techsummit.nba.com/

Has triple the net worth of Phil Knight and in his 60s instead of 90.

Sounds like there is also bad blood between the Knight and Allen camps.

 

[Phatguysrule]

NBA Team Values 2024: Warriors, Knicks Lead as Average Hits $4.6B

 

[Phatguysrule]

Jody isn’t selling the team until she’s dying. She likes this shit a lot by the looks of it. She’s found a way to let a trust own the team even though the NBA has said that a team in a trust has to be sold in a “reasonable” time.

For it to be almost 10 years she’s clearly found a way to get past that stipulation.

I thought Adam Silver said it is reasonable for an estate like Paul Allen's to take decades to settle... So I guess...

 

[THE HCP]

View attachment 72559

If I'm Phil Knight I would buy the Moda and MC from the city of Portland for $20 million so I'm in control of where the Blazers currently play and all future developments on that land.

It would be a move similar to how Robert Kraft ended up owning the Patriots.

This explains everything…..”the land UNDER the arena”

MODA was built on an ancient burial ground like POLTERGEIST FAMS!

 

[Phatguysrule]

Yeah I'm wondering what happens to the trust when Jody dies? Whoever is the manager might just want to hold onto the team same as her. That person gets nothing from the proceeds of a sale but gets many of the benefits of being an owner.

Like hundreds of millions of "benefits" per year...

 

[SlyPokerDog]

This explains everything…..”the land UNDER the arena”

MODA was built on an ancient burial ground like POLTERGEIST FAMS!

Considering you work in the lowest part of the Moda center that explains why Blazer Broadcasting is so hauntingly bad.

BAM!

 

[Phatguysrule]

Does this mean the Blazers would be worth $4.1-$4.2 Billion?

 

[THE HCP]

Wait til that new TV money kicks in next season!

 

[SlyPokerDog]

Wait til that new TV money kicks in next season!

 

[wizenheimer]

He should have offered 3 to 3.5 billion two years ago. Instead he reportedly lowballed for something in the 2's.

ok....the offer was made 3 years ago; which was before the new media deals were negotiated. The valuations of all NBA teams have escalated significantly in the last 2-3 years. The reporting at the time said PK made an initial offer....Jody Allen immediately declined, and then refused to engage in any negotiations. She could have countered the initial offer but apparently didn't as she had no intention of selling

the current valuation is estimated at 3.5B. Rumor was PK initially offered somewhere close to 2.5B. Forbes listed the value of the Blazers as 2.1B in 2022



https://www.hoopsrumors.com/2022/10/forbes-releases-2022-nba-franchise-valuations.html

Forbes released that ranking in October of 2022; PK made his offer in July of that year. In 2021, Forbes valued the Blazers at 1.9B (which may have been the latest market valuation when PK made his offer). Portland ranked 13th among NBA teams in value

so, based upon market value, Knight was not low-balling at all
***************************************************************************************

if you use Forbes as a gauge, then in 2021 the Blazers were the 13th most valuable franchise at 2.1B. After 3 years of being driven by the clown-car of Jody, Bert, & Joe the valuation of Portland is currently at 3.5B. BUT, Portland now ranks 24th in franchise value. From 13th to 24th riding in that clown-car

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

the Blazers used to be one of the NBA teams that owned their arena. But they sold it to the city. Maybe that is partly why their ranking has sunk that much

 

[JfizzleBlazer]

ok....the offer was made 3 years ago; which was before the new media deals were negotiated. The valuations of all NBA teams have escalated significantly in the last 2-3 years. The reporting at the time said PK made an initial offer....Jody Allen immediately declined, and then refused to engage in any negotiations. She could have countered the initial offer but apparently didn't as she had no intention of selling

the current valuation is estimated at 3.5B. Rumor was PK initially offered somewhere close to 2.5B. Forbes listed the value of the Blazers as 2.1B in 2022

View attachment 72562

https://www.hoopsrumors.com/2022/10/forbes-releases-2022-nba-franchise-valuations.html

Forbes released that ranking in October of 2022; PK made his offer in July of that year. In 2021, Forbes valued the Blazers at 1.9B (which may have been the latest market valuation when PK made his offer). Portland ranked 13th among NBA teams in value

so, based upon market value, Knight was not low-balling at all
***************************************************************************************

if you use Forbes as a gauge, then in 2021 the Blazers were the 13th most valuable franchise at 2.1B. After 3 years of being driven by the clown-car of Jody, Bert, & Joe the valuation of Portland is currently at 3.5B. BUT, Portland now ranks 24th in franchise value. From 13th to 24th riding in that clown-car

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

the Blazers used to be one of the NBA teams that owned their arena. But they sold it to the city. Maybe that is partly why their ranking has sunk that much

The Suns were sold for 4 billion in December 2022. Using your list, would put the Blazers at 3.1 millionish based on the sold number for the Suns using a quick and easy calculation.

The Suns do not own their arena. City of Phoenix does. Their sale did include the WNBA team, which may or may not have played a small part into the sale figure.

 

[julius]

This explains everything…..”the land UNDER the arena”

MODA was built on an ancient burial ground like POLTERGEIST FAMS!

I think the MC and the MC were both build on ancient burial grounds. It was only when they had a peace loving hippy that they won a title...

 

[julius]

A perfect example of us needing an UNLIKE button on this forum. Swoosh…really!?!?

For being a self professed shoe dork, and just an overall dork dork, you should've laughed at that. I mean, we all saw your basketball crocks on IG pal...

 

[wizenheimer]

The Suns were sold for 4 billion in December 2022. Using your list, would put the Blazers at 3.1 millionish based on the sold number for the Suns using a quick and easy calculation.

The Suns do not own their arena. City of Phoenix does. Their sale did include the WNBA team, which may or may not have played a small part into the sale figure.

that was a half year after PA made his offer. What the actual offer was we don't know. Rumor was around 2.3-2.5B. And we don't know if the Blazers had liabilities weighing on the offer PK made. All things considered, that's not a low-ball offer as much as it is an initial offer

what we can infer, based upon reporting, is that JA had no intention of selling and didn't negotiate or counter-offer after declining

as I mentioned, I think it's pretty revealing that in 2020 & 2021, the Blazers ranked 13th in market value. 3 years later, under the Vulcans, they ranked 24th in market value

 

[julius]

that was a half year after PA made his offer. What the actual offer was we don't know. Rumor was around 2.3-2.5B. And we don't know if the Blazers had liabilities weighing on the offer PK made. All things considered, that's not a low-ball offer as much as it is an initial offer

what we can infer, based upon reporting, is that JA had no intention of selling and didn't negotiate or counter-offer after declining

as I mentioned, I think it's pretty revealing that in 2020 & 2021, the Blazers ranked 13th in market value. 3 years later, under the Vulcans, they ranked 24th in market value

I think a lot of "market value" is based on how well a team performs. In 20-21, they were relatively close to a WCF's run, whereas now they're kinda a bad team (tho actually they're much better than people, myself included, give them credit for).

 

[JfizzleBlazer]

that was a half year after PA made his offer. What the actual offer was we don't know. Rumor was around 2.3-2.5B. And we don't know if the Blazers had liabilities weighing on the offer PK made. All things considered, that's not a low-ball offer as much as it is an initial offer

what we can infer, based upon reporting, is that JA had no intention of selling and didn't negotiate or counter-offer after declining

as I mentioned, I think it's pretty revealing that in 2020 & 2021, the Blazers ranked 13th in market value. 3 years later, under the Vulcans, they ranked 24th in market value

ESPN rumored the offer at 2.05 billion.

The downfall in market value you point to could have been because of Dame being traded. We don't have a superstar anymore.

 

[SharpesTriumph]

Does this mean the Blazers would be worth $4.1-$4.2 Billion?

View attachment 72563

No, the worth isn't tied sinply directly to annual revenue. Buying a team would be the additional revenue forever - not one year, but then profit sharing reduce that. TV revenue is split evenly, then there's all the benefits and control which each team has the same. Then each team might have unique allure. There won't be a simple formula.

 

[JfizzleBlazer]

No, the worth isn't tied sinply directly to annual revenue. Buying a team would be the additional revenue forever - not one year, but then profit sharing reduce that. TV revenue is split evenly, then there's all the benefits and control which each team has the same. Then each team might have unique allure. There won't be a simple formula.

Agree. One thing seems sure, buying a team is about as sure of a market win as there can be. I'd be interested to see if anyone has sold as a loss, and what the return on investment generally has been on teams (with all the fun of owning one added).

 

[julius]

Paul bought the team on 88 for 70 million. I think he's (well. His estate) has made a nice return on his investment.

 

[riverman]

70 million bucks in 1988 is roughly 188 million bucks today. Perspective. Add the renovationof the PF and the Remix acquisition and a new roof on moda since knights offer. It was never about money between Paul and Phil. They were politically estranged with Allen being a progressive and knight a staunch conservative. Pretty sure Paul told his sister anybody but that guy. That’s what I heard about it and given the team with dame was a playoff lock that was a lowball offer by Phil. None of these folks is struggling financially so sometimes it’s about something other than money

 

[julius]

70 million bucks in 1988 is roughly 188 million bucks today. Perspective. Add the renovationof the PF and the Remix acquisition and a new roof on moda since knights offer. It was never about money between Paul and Phil. They were politically estranged with Allen being a progressive and knight a staunch conservative. Pretty sure Paul told his sister anybody but that guy. That’s what I heard about it and given the team with dame was a playoff lock that was a lowball offer by Phil. None of these folks is struggling financially so sometimes it’s about something other than money

Hed have to lose almost 100 million *per* year to not have made a nice profit.

 

[SharpesTriumph]

Paul bought the team on 88 for 70 million. I think he's (well. His estate) has made a nice return on his investment.

Or put 70 million in the stock market in 1988 and you'd have a massive return today. I think we looked at this years ago and it was surprisingly a bit more profitable to have bought stocks than the Blazers increase in value since 1988. Either way the values were very similar and both had massive gains.

 

[STOMP]

I think the MC and the MC were both build on ancient burial grounds.

isn't pretty much everywhere there is land ancient burial grounds?

STOMP

 

[julius]

isn't pretty much everywhere there is land ancient burial grounds?

STOMP

I would assume that not everywhere, but that is is probably more common than we realize. The stories that are out there of Indigenous burial grounds being disrespected by whites/Europeans (and what happens to them) are pretty crazy tho.