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% own…
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
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
If all the money is going to charity why do you think Jody truly cares how much the team goes for? As long as it’s fair and respectable?
As John reported, there is at least one powerful person with the Blazers who doesn’t want change.