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
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.
I know a sample size of one is statistically meaningless but I did see Jody at a Blazers game in Portland when Paul was very much alive.
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…
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.
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: 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: 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: 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
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.
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
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?
