The Mystery of the NBA Team That Billions Can’t Buy

Discussion in 'Portland Trail Blazers' started by Portland2014, Jun 4, 2023.

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  1. Rastapopoulos

    Rastapopoulos Well-Known Member

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    Grrr....
     
    Rastapopoulos, Jun 4, 2023
    #21
  2. Rastapopoulos

    Rastapopoulos Well-Known Member

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    If it makes you feel better, it's a Murdoch paper
     
    Rastapopoulos, Jun 4, 2023
    #22
  3. SharpesTriumph

    SharpesTriumph Well-Known Member

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    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.
     
    SharpesTriumph, Jun 4, 2023
    #23
  4. Natebishop3

    Natebishop3 Don't tread on me!

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    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.
     
    Natebishop3, Jun 4, 2023
    #24
  5. SwissBlazer

    SwissBlazer Well-Known Member

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    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.
     
    SwissBlazer, Jun 4, 2023
    #25
  6. PCmor7

    PCmor7 Generational Poster

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    What did she buy, though?
     
    PCmor7, Jun 4, 2023
    #26
  7. PCmor7

    PCmor7 Generational Poster

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    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.
     
    PCmor7, Jun 4, 2023
    #27
  8. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    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.
     
    SlyPokerDog, Jun 4, 2023
    #28
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  9. Natebishop3

    Natebishop3 Don't tread on me!

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    Have they said when the trust was originally created?
     
    Natebishop3, Jun 4, 2023
    #29
  10. lamlor

    lamlor Well-Known Member

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    Sorry if this was already talked about.

     
    lamlor, Jun 4, 2023
    #30
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  11. lamlor

    lamlor Well-Known Member

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    lamlor, Jun 4, 2023
    #31
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  12. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    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.
     
    SlyPokerDog, Jun 4, 2023
    #32
  13. Natebishop3

    Natebishop3 Don't tread on me!

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    Yeah yours deals with who gets the family dog house, your favorite frisbee and your stuffed animal.
     
    Natebishop3, Jun 4, 2023
    #33
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  14. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    It's the map of where I have buried my bones that is the real treasure.
     
    SlyPokerDog, Jun 4, 2023
    #34
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  15. Whyachi

    Whyachi Well-Known Member

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    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.
     
    Whyachi, Jun 4, 2023
    #35
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  16. Natebishop3

    Natebishop3 Don't tread on me!

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    Or sexually harassing her staff.
     
    Natebishop3, Jun 4, 2023
    #36
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  17. Phatguysrule

    Phatguysrule Well-Known Member

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    I sincerely hope this is the case.
     
    Phatguysrule, Jun 4, 2023
    #37
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  18. noknobs

    noknobs Well-Known Member

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    God damn it, Phil Knight would be so much better.
     
    noknobs, Jun 4, 2023
    #38
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  19. Mediocre Man

    Mediocre Man Mr. SportsTwo

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    Awful news
     
    Mediocre Man, Jun 4, 2023
    #39
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  20. theprunetang

    theprunetang Shaedon "Deadly Nightshade" Sharpe is HIM

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    I hope this isn't innuendo, you sly dog.
     
    theprunetang, Jun 4, 2023
    #40
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