What now? Ownership, etc

[jlprk]

Lets list a few options:

1. Corporate shills: AEG/Oak View
2. Hollywood: Oprah/Geffen
3. Kobe and friends
4. Tech Bros
5. Local portland group or individual (Boyle, Knight)
6. Some wealthy fam u never heard of (Pritzkers, crazy rich asians)

Who else? God this is depressing

7. Antifa
8. Proud Boys
9. Deschutes Brewery
10. Pine Street Market

 

[EL PRESIDENTE]

I didn’t know McGowan was the new owner of the team. I was under the impression he answers to Paul Allen’s sister and is operating under the set of circumstances established the first time Paul fought cancer.

I also find it hard to believe that someone who fought tooth and nail to keep the team in Portland would not put a disclaimer in his will as it pertains to moving the team. Would be a massive oversight of willful negligence.

And once again, the state and city would put up a massive legal battle if that were to occur. It would hurt the economy massively with no justification.

Portland's government is not competent.

McGowan is the CEO of Vulcan sports, while he reports to Jody Allen, I imagine she is there just to sign off. He is representing the franchise at the Board of Owners or whatever its called. He is the man behind the curtain.

Do you trust Chris McGowan?

 

[JoshuaHall]

Portland's government is not competent.

McGowan is the CEO of Vulcan sports, while he reports to Jody Allen, I imagine she is there just to sign off. He is representing the franchise at the Board of Owners or whatever its called.

Better yet, do you trust Chris McGowan?

I don’t need to trust McGowan, because he has to operate under the circumstances outlined by Paul Allen. If the offer doesn’t check all of those boxes, Paul’s sister couldn’t sign off even if she wanted to.

 

[EL PRESIDENTE]

I don’t need to trust McGowan, because he has to operate under the circumstances outlined by Paul Allen. If the offer doesn’t check all of those boxes, Paul’s sister couldn’t sign off even if she wanted to.

Whoever buys the team can do whatever they like. Clay Bennett's group bought the Sonics in bad faith.

 

[jlprk]

7. Antifa
8. Proud Boys
9. Deschutes Brewery
10. Pine Street Market

I'm thinking that Antifa and Proud Boys don't have enough money, so they would have to pool their money and run the team as a partnership.

 

[julius]

Portland's government is not competent.

McGowan is the CEO of Vulcan sports, while he reports to Jody Allen, I imagine she is there just to sign off. He is representing the franchise at the Board of Owners or whatever its called. He is the man behind the curtain.

Do you trust Chris McGowan?

I trust him more than I think you actually know what you're talking about. (spoiler: I dont think you know what you're talking about)

 

[SlyPokerDog]

10% tax on all of the Portland Food Carts should be enough to buy the team.

 

[santeesioux]

7. Antifa
8. Proud Boys
9. Deschutes Brewery
10. Pine Street Market

Don't forget Patriot's Prayer!

 

[EL PRESIDENTE]

I trust him more than I think you actually know what you're talking about. (spoiler: I dont think you know what you're talking about)

Then prepare to get screwed.

 

[julius]

Don't forget Patriot's Prayer!

We should get Jim Duggan as the new mascot

 

[Pinwheel1]

I also find it hard to believe that someone who fought tooth and nail to keep the team in Portland would not put a disclaimer in his will as it pertains to moving the team. Would be a massive oversight of willful negligence..

This is my thinking as well. It's not like his family is depending on the sale of the team to survive.

 

[JoshuaHall]

Whoever buys the team can do whatever they like. Clay Bennett's group bought the Sonics in bad faith.

This is incorrect. If they buy the team with a signed document saying they cannot move the team for 50 years or else ownership reverts to the Allen Foundation then they cannot do “whatever” they want. Stipulations like this exist and I’d be surprised if Allen didn’t include them; particularly given that I have done business with him and his business partners. He and his team are incredibly smart and thorough. Money is no motivator. In fact, I’d be shocked if he didn’t tell his sister, “take the best offer that guarantees that the team stays in Portland”...

Also, I disagree he operated in bad faith. He took advantage of the fact that he knew Seattle wouldn’t build a new stadium. Was he supposed to finance the stadium himself? If anything, the owner who sold it to him was the one who screwed Seattle, for failing to put in place conditions such as the ones outlined above.

 

[JoshuaHall]

This is my thinking as well. It's not like his family is depending on the sale of the team to survive.

Every business interaction I’ve had with him and his team leads me to believe there is about a .01% chance that this isn’t part of what they outlined in ‘09. Further, I believe you’re absolutely correct - his family doesn’t need nor want the money particularly - so it has nothing to do with just “accepting” the largest offer. I’m near 100% sure that he would demand the team stay in the PNW, at the very least.

 

[EL PRESIDENTE]

I'm thinking that Antifa and Proud Boys don't have enough money, so they would have to pool their money and run the team as a partnership.

Can't they just beat the buyers into giving them the team?

 

[EL PRESIDENTE]

This is incorrect. If they buy the team with a signed document saying they cannot move the team for 50 years or else ownership reverts to the Allen Foundation then they cannot do “whatever” they want. Stipulations like this exist and I’d be surprised if Allen didn’t include them; particularly given that I have done business with him and his business partners. He and his team are incredibly smart and thorough. Money is no motivator. In fact, I’d be shocked if he didn’t tell his sister, “take the best offer that guarantees that the team stays in Portland”...

Not enforceable.

The only way you can do this if you put the team in a trust and Jody is the beneficiary. Once its sold, its sold. Owners can do whatever they want. There may be contractural obligations (leases, sponsorships, etc), but you can buy your way out of those.

 

[santeesioux]

https://www.businessinsider.com/oprah-winfrey-was-in-negotiations-to-buy-clippers-2014-6

Yeah, let's get Oprah to buy them.

 

[EL PRESIDENTE]

https://www.businessinsider.com/oprah-winfrey-was-in-negotiations-to-buy-clippers-2014-6

Yeah, let's get Oprah to buy them.

Kobe + Oprah

 

[santeesioux]

Kobe + Oprah

Dude, we'd actually get free agents to come here.

Is it weird I hope it's a black person for that reason?

 

[EL PRESIDENTE]

Dude, we'd actually get free agents to come here.

Is it weird I hope it's a black person for that reason?

I JUST WANT THE BEST OWNERS.

 

[calvin natt]

Wouldn’t be surprised if the next owner was from overseas. Maybe an owner from the Far East who will promote the NBA even more so in China or whatever.

 

[JoshuaHall]

Not enforceable.

The only way you can do this if you put the team in a trust and Jody is the beneficiary. Once its sold, its sold. Owners can do whatever they want. There may be contractural obligations (leases, sponsorships, etc), but you can buy your way out of those.

This is plainly not true. It would be a document entitled non-standard purchase and condition terms - quite frequently used in things like Mergers and Acquistions. Very easily enforced, particularly with a signed document & the power and backing of a billion dollar company and its lawyers.

Even so, the Blazers are owned by Vulcan, could keep a small minority portion with the caveat that I outlined prior.

Kolde might be another name to throw in the ring for owner one day, as well.

 

[tiredhunter]

Yeah, he can turn the coliseum into a rocket launching pad

Countdown clock might get stuck at .9. Bug or feature?

 

[EL PRESIDENTE]

This is plainly not true. It would be a document entitled non-standard purchase and condition terms - quite frequently used in things like Mergers and Acquistions. Very easily enforced, particularly with a signed document & the power and backing of a billion dollar company and its lawyers.

Even so, the Blazers are owned by Vulcan, could keep a small minority portion with the caveat that I outlined prior.

Kolde might be another name to throw in the ring for owner one day, as well.

Things like "you have to keep the team in this city for the next 50 years" are simply not enforceable because of the way things can change nowadays in the world. It calls for something that is simply unreasonable when talking about competative markets. The new owners can pretty easily lay out a case of it being anti-competitive and unduly restrictive.

Kolde would be a good person in a group or a behind the scenes guy. However, I am guessing the Vulcans will get rid of him prior to selling the team.

 

[EL PRESIDENTE]

I am guessing this will be a fairly rapid sale (before the all star break).

1. Dump big contracts (minus Lillard)
2. Sell franchise

 

[BigGameDamian]

 

[OneLifeToLive]

It’s starting to make sense on why McGowan was named CEO for both organizations. I think he’s probably been fighting this for sometime and the news came out 2 weeks ago.

I hope Vulcan/Jody takes the team and sells it to local group here in Portland led By Merrit Paulson. It wouldn’t surprise me to that group work Clyde into it. It’s a conflict of interest for Phil Knight to get involved so I don’t see that. It would be nice.

I just hope this is not set for the franchise to move and all that they have done was to position this team for that purpose.

 

[BonesJones]

I am guessing this will be a fairly rapid sale (before the all star break).

1. Dump big contracts (minus Lillard)
2. Sell franchise

Why's that? Why would a couple tens of millions affect a 1.3B sale...?

Also, were can't dump big contracts, there's no options available to do that. The contracts expire in 2 years, and who knows if the team will even be sold by then...

 

[LayneStaley]

Yeah if it was doable to dump the bad contracts they’d already be dumped.

 

[EL PRESIDENTE]

Why's that? Why would a couple tens of millions affect a 1.3B sale...?

Also, were can't dump big contracts, there's no options available to do that. The contracts expire in 2 years, and who knows if the team will even be sold by then...

A team with a low payroll is more attractive than one with a high payroll. New owners will not want obligations, they want a clean slate. This is why the Lakers CP3 trade was voided by the league who was selling the team, it would have left the Hornets with veterans with several years on the books.

They can package guys like CJ and Nurk with bigger contracts like Turner and Leonard for ending contracts and picks. The team is essentislly in limbo until the sale goes through.

 

[EL PRESIDENTE]

Yeah if it was doable to dump the bad contracts they’d already be dumped.

Only if it kept the Blazers competitive. With no owner, that is no longer an objective. The Blazers are now a balance sheet.