it does seem like the Vulcans, mainly Kolde, are running the Blazers (into the ground?) with Jody maybe being more big picture there was some "reporting" that suggested that JA was raking in millions by being the executor/manager of her brother's trust. If/when the Blazers are sold Jody won't get a dime; the proceeds will all go into the trust. however, the state of Washington has laws that stipulate it's entirely legal for the manager of a trust to collect a management fee based upon a percentage of the asset value of the trust. The reported standard is 3-5%. If the Blazers are worth 2 billion, JA could be making 60-100M/year; if they are worth 3B, her fee could be 90-150M/year. If the Blazers are worth 3B and the Seahawks are worth 5B, then Jody's annual income from the two sports franchises could be in the 240-400m/year range. and those two franchises are just part of a trust. The total value of the trust and the rate it has been giving away to charities is unclear IIRC, the NBA has a rule that says that no NBA franchise can be held in a trust for longer than 10 years. At the 10 year mark it has to be out of the trust and in private ownership. I'd imagine the NFL has a similar rule. PA died in October of 2018, meaning that if the reporting is true JA can collect management fees for another 4-1/2 years. I think we'll be seeing this shitty ownership for a long time
I thought Silver said there was no such rule? It just has to be a reasonable amount of time to settle the trust. And he went even further saying that Paul Allen's trust is one of the most complex in history... I was not encouraged. *EDIT* This is close... but I thought he even went further at another time.
might be the case but I did see a report there was that 10 year rule. If Silver said there wasn't a rule then obviously the report was wrong and yes, if JA can perpetually collect massive fees from managing the Blazers this ownership morass could last for a couple of decades
https://www.kgw.com/article/sports/...llen/283-7953c8c4-d171-4ee6-b610-e4730d55fd03 The fact that Knight and Smolinsky made a more lucrative offer than the original $2 billion, and were ignored, tells me that she is going to hang on to this thing for as long as she can.
Ouch. While I cant blame her for wanting to maintain that revenue, 4½ years is 2-3 years longer than I was(realistically) hoping.
As to Jody Allen and the Blazers, I am hoping she sells after the new TV contract is signed. There will be a new valuation then. Gives her time to make some crazy money for herself and augment Paul's legacy with a larger return than even he probably ever imagined. If she is still gripping onto the team(s) after the new TV deal, she is just a carpet bagger.
Would be nice. But I think the new valuation would already be priced into the sale of the team. I doubt this is what she's waiting for. She's a carpet bagger until I see otherwise.
Let's be honest I have nothing against Jody other then the fact she has little to no interest in the Blazers even if she has warmed up a little that is still not a reason to keep the team. I believe to be the owner of ANY team you should be passionate about the team and want them to win and make money in the process and ya I know that is a little pie in the sky as there are some owners who do bare minimum but this is how I feel. I believe as a fanbase we should be trying to apply pressure to her and get her to sell by writing letters / emails etc whatever is needed to put pressure on her. If this means boycotting games , staging a walkout at a game and then have a protest in the parking lot I do not care. This is needed cause if this team is not sold within the next 2 or 3 years maybe sooner we might as well write off the next 5 to 10 years and get used to being below average to pathetic.
