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Originally Posted by MarkDaMan
That's just not true. Phil Knight's starting offer was above $2B. The Utah Jazz, a smaller but similiar market sold for $1.66B in 2020 and only 7 teams have sold above $1B. While sales of teams are not an everyday occurance and values are rising into the multiple billions of dollars, his offer was neither offensive nor final. But Jody wouldn't even have a conversation with his representatives.
I don't know if Knight has any desire to be an MLB owner but I do know if he was an owner of the Blazers and the Rose Quarter, he'd be looking to maximize those investments by luring in additional pro sports including NHL and the WNBA.
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That was 2020, now the Utah Jazz are valued at about $3 billion, which is roughly how much the Blazers are valued. Moda Center will be going through renovations, and a sale of the time probably wouldn't happen until after that, which in that amount of time the value of the team will most likely continue to rise. This is why Knight's offer wasn't considered. I wouldn't have been surprised if she sold the team to him if he has come in at a high $3 billion or even $4 billion.
Jody has been looking into bringing in the WNBA to Portland, but based on the WNBA, that won't happen until the Moda Center is renovated because they don't want renovations to disrupt the team since their league plays in the summers when renovations would typically happen.
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Originally Posted by babs
I've done a bit of traveling this fall and winter, attending NBA games in many cities. The Moda Center was state of the art 30 years ago. Unfortunately, it may now qualify as one of the worst NBA arenas. It's the lack of investment that's causing me to wonder if Jody plans to move the team and then sell it for a larger sum. Her lack of communication with Portlanders about her long term vision for the team makes me nervous.
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The Moda Center is planning to renovate the arena in the coming years to upgrade and modernize the building. So I wouldn't be concerned with any plans to move the team, plus I doubt the NBA would allow for another move like that with a popular team.
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Originally Posted by PhillyPDX
Talk out there of a Vegas team...come on Phil! Or at least Jody to show that you care to win and also intend to maintain the team in Portland.
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The Blazers are in full rebuild right now, the winning part is years away. They are gonna be a tank team for the next couple years at least to maximize their draft prospects. Basically we are watching the Blazers do what OKC did several years ago.