Nike co-founder Phil Knight and Dodgers co-owner Alan Smolinsky have offered more than $ 2 billion in writing for the Portland Trail Blazers’ NBA franchise. Multiple relationships.
The Trail Blazers have long been owned by Paul Allen, who bought them in 1988 for $ 70 million. After his death four years ago, the team became part of the property of a deceased billionaire he and Jodi trusted. Although he has controlled the team for the past four years, it has reportedly always been his brother’s wish that the Trail Blazers be sold to another keen owner or owner. They may have just arrived.
Knight, a billionaire like Allen, was born in Portland, attended the University of Oregon and developed Nike’s headquarters in Beaverton, outside Portland. Your presence in the deal! according to ESPN’s Adrian Voinarowski, who shared the story, “it’s about his desire to keep the Blazers in Portland and move the franchise there.”
This is probably also important for Jodi Allen. His brother, who was not only the owner but also a huge fan of the team, apparently wanted to stay on the team despite pressure from small market teams like Portland to move to big cities for more tickets and TV revenue. . Of course, the value of such a franchise will increase if you move to, say, Tampa Bay. For comparison, Steve Ballmer bought the LA Clippers 8 years ago for $ 2 billion. They deserve much, much more today.
Source: Deadline
Elizabeth Cabrera is an author and journalist who writes for The Fashion Vibes. With a talent for staying up-to-date on the latest news and trends, Elizabeth is dedicated to delivering informative and engaging articles that keep readers informed on the latest developments.
