New owner... Tom Dundon?

Discussion in 'Portland Trail Blazers' started by Rastapopoulos, Aug 13, 2025 at 8:54 AM.

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  1. Natebishop3

    Natebishop3 Don't tread on me!

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    Not technically done yet. Still has to be approved by the owners.
     
    Natebishop3, Aug 19, 2025 at 10:35 AM
    #361
  2. Road Ratt

    Road Ratt King of my own little world

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    The Real Reason the Trail Blazers Sold

     
    Road Ratt, Aug 19, 2025 at 10:50 AM
    #362
  3. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Actually, it is a bad reflection on Dundon, at least based on the information available. He's quoted as saying "It all came together on Wednesday and Thursday of last week. I wish it was more thought out than that, but it was that simple."

    Making an investment with little thought, little due diligence, more often than not works out the way it did here: with a loss of the investment.

    However, one thing we don't know, is how much money he actually lost. There's obviously a difference between making a tiny bad investment and making a huge bad investment.

    If you think randomly throwing money at lots of different things is how people make lots of money, I have several dozen opportunities for you... if you act by midnight tonight.

    barfo
     
    barfo, Aug 19, 2025 at 11:15 AM
    #363
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  4. SharpesTriumph

    SharpesTriumph Well-Known Member

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    Maybe it was a stupid decision at the time or maybe not. It's nuts that you think a few quotes on the Internet give you the insight to make that definitive judgement. Or that you think he's going to publicly give complete explanations on the investment rationale.

    We really have no idea what the upside to the investment was. Obviously it didn't work out, just like often times is the case buying a stock or many other investments with risk.
     
    SharpesTriumph, Aug 19, 2025 at 12:25 PM
    #364
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  5. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    It's not a definitive judgement. There's obviously a lot we don't know, as I've pointed out myself.

    On the other hand, if we shouldn't comment on things we don't know everything about - well, there would be approximately zero posts on this forum.

    We likely do know what the upside was, though: there was no upside. He lost whatever money he invested.

    We don't know what he imagined might happen, but we do know he was mistaken if he expected something other a total loss.

    barfo
     
    barfo, Aug 19, 2025 at 2:33 PM
    #365
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