Quote:
Originally Posted by urbanlife
I agree, I am just saying Knight was never serious about owning the Blazers unless he could get them for cheap.
|
Not exactly correct. The Blazers were probably worth around the $2 billion amount back when he offered it based on prior sales. But the league negotiated their massive new media contract and that elevated values which I believe Jody Allen was waiting for before selling the team.
Regardless, I hope they find a way to save the Blazers. I'll agree that economically it makes little sense. But without the Blazers, the messaging around the doom loop will expand. Sports has a lot of impact on how cities are viewed. A related example is Oregon vs Oregon State. OSU is the larger school with probably some better academic programs than UO. But the perception of UO being a great school is elevated by their nationally known sports program. Same thing for cities. A winning sports team can create a postiive national impression that can lead to additional investment opportunties. Hard to measure but having the Blazers in Portland is a plus for the community.