https://www.si.com/nba/trailblazers...olution-to-keep-blazers-in-portland-amid-sale A resolution has been issued and passed in the Oregon House to keep the Blazers in Portland, no matter who buys the team. The resolution now heads to the Oregon Senate where it will surely pass. This resolution was put in place to help quell worries about the Blazers being moved out of Oregon after the team is sold. Not sure how binding a resolution is, or if it will really stop a new owner from moving the team if they desire.
Maybe its a strong enough resolution where its part of the negotiations? I imagine its not merely performative, but then again its politics.
What happens if Las Vegas passes a resolution that the new buyers of the Blazers have to move the team there?
It will not have any ability for a private corporation from relocating their asset (if they desire). Nothing more than political grandstanding.
I would be fine if they passed a resolution that the Blazers could only move after they win 5 championships in 1o years.
I don't think there's any chance Blazers move in the next decade. But I do think it's possible new owners use that concern to get concessions from government and others on arena upgrades. Maybe even eventually on arena replacement.
agree...Stern sure did do Seattle wrong, when they refused to meet facility demands. I could see once we are sold that the Vulcanites enter the sonics sweepstakes?
Maybe it’s a resolution they plan to present to the NBA/commissioner, in hopes of getting them on board? Shooting from the hip here.
Vulcan doesn't have the money to buy an NBA team. The only one who did was Paul Allen, and his will says to sell of this estate and donate his money. So where exactly are Paul Allens groupies, er, I mean, Vulcan going to get the money?
As a private equity/holding LLC they are still able to make/manage investments and such. They are now Vale & Cercano.
