What now? Ownership, etc

Discussion in 'Portland Trail Blazers' started by illmatic99, Oct 15, 2018.

  1. jlprk

    jlprk The ESPN mod is insane.

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

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    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?
     
  3. JoshuaHall

    JoshuaHall Well-Known Member

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    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.
     
  4. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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

    jlprk The ESPN mod is insane.

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    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.
     
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  6. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    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)
     
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  7. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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

    santeesioux Just keep on scrolling by

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    Don't forget Patriot's Prayer!
     
  9. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Then prepare to get screwed.
     
  10. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    We should get Jim Duggan as the new mascot
     
  11. Pinwheel1

    Pinwheel1 Well-Known Member

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

    JoshuaHall Well-Known Member

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    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.
     
  13. JoshuaHall

    JoshuaHall Well-Known Member

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    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.
     
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  14. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Can't they just beat the buyers into giving them the team?
     
  15. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    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.
     
  16. santeesioux

    santeesioux Just keep on scrolling by

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  17. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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  18. santeesioux

    santeesioux Just keep on scrolling by

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

    Is it weird I hope it's a black person for that reason?
     
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  19. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    I JUST WANT THE BEST OWNERS.
     
  20. calvin natt

    calvin natt Confeve

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    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.
     
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