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Benjamin Miller's avatar

Au contraire, JC. That Suns sale hurts the chances of a near-term Blazers sale

Ishiba is not paying $4 billion. $4 billion is the enterprise valuation of the Suns & Merc (meaning, the value of 100% of the company). Ishbia is paying $2.4 billion for 60% of the Suns, which (crucially) includes the voting shares which are part of the 35% owned by Sarver

Point is, $2.4 billion was the price for control of the Suns

I don’t know what the Blazers ownership structure looks like, but if we are to trust your reporting (and I do), then 100% of Allen’s shares in the Blazers must be sold and donated to charity. (Side note: How mad must Allen’s former “contractors” be? All that time spent on his boats and all they got was payment for services rendered…)

If Allen owned 100% of the Blazers, that makes the buyer’s ask a lot tougher. It would be hard to see the team selling for even $2.5 billion, given what you reported about a team in a bigger market with more revenue effectively selling for $2.4 billion to Ishbia

Bottom line: There will be buyers willing to pay what Knight offered (and maybe a shade more), and on the other side will be Allen’s sister trying to sell for $3 billion+. It’s hard to see either side giving in to make a sale happen

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Pedro in Texas's avatar

John, I am no Twit, and my Face has never been Booked. How to I submit Mailbag Q's??

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