Yeah, I don't get why signing the TV deal would change the valuation. Only way it would is if there's a lot of risk TV deal will be for less money than anticipated. But that would mean there's a chance TV deal is finalized for much lower and Jody cant sell the team for as much as people are thinking.
I don’t think that’s what it means. It means it can’t sit in a trust. So I think the NBA would require that Jody take full possession of the team within a certain time period. but I believe the trust requires that it be sold, so Jody would have to buy the team before it could be transferred.
It should, but it doesn't. I work for company who the bosses are billionaires but I still do my job and if my work is stolen, then I am in trouble. Not my boss.
I bumped into Jody on this forum. She was posting under the handle "Calvin Natt." Told me she always was a big fan of the underdog forward.
Per federal law, a family trust can remain open for up to 21 years. Also, a family trust is started when the person or family is still alive. So the Blazers (along with other assets and possessions) were in a trust when Paul Allen was still alive. The Blazers were transferred from a legal entity to a different legal entity. All teams are legal corporations, one person may own the corporation but it's never a sole proprietorship. Nothing has changed with the ownership of the Blazers since Paul Allen died. The NBA may want new owners for the Blazers but I don't see them having a leg to stand on in this. This isn't a Donald Sterling situation or even a Seattle Sonic situation. The team is free from (major) scandal and is financially healthy.
I don't know but I'm sure something was filed with a court. I'm going to call the attorney who set up my family trust. Obviously, the PokerDog family trust is VASTLY different than Paul Allen's but he would know more than most of us on here, lol.
Jody is on some sort of sportsy owner power trip. At least it keeps her out of trouble. Don't want to see her locked up for buying illegal animal bones.