Sports franchises are still as valuable as ever, if the recent sale of Chelsea FC taught us anything. There was a lot of interest in the English club, which was sold for $5 billion. The sale of the team is inevitable and should make fans sleep better in the coming months.
Jody Allen assumed the role of owner after her brother Paul Allen died. Rip City is likely to be sold first with the Hawks following, according to the Pacific Northwest sports writer.
The good news for the people of Rose City who are worried about a new owner moving the team north a few hours to Seattle is that it is not possible, per a sitting team president of an NBA franchise. There are rumors of expansion teams coming to Seattle and Las Vegas with lucrative fees.
Two of the potential bidders are high-profile women, with Laurene Powell-Jobs and Jeff Bezos both showing interest.
Larry Ellison, who lost out on attempts to purchase the Warriors, is in the mix. The groups who come up short in their attempt to purchase the Denver Broncos could throw their billions into the ring because of speculation that the people overseeing the auction of Mile High's favorite franchise will conduct the sale of the Portland Trail blazers.
The vice chair of the Blazers is paying close attention to what the Broncos fetch and is in charge of the transaction. The ideal price for a sale is in the range of $3 billion.
The amount of money in the banana stand is enormous. Scott and Powell-Jobs are my choices because sports needs another old, white, male owner like the NBA, NHL, and EPL.
The most high-profile female owners in sports are Lakers owner Jeannie Buss, Detroit Lions owner Christine Ford Hamp, and New Orleans Saints owner Jody Allen. There is a universe where she could still be involved in the ownership of a sports franchise, since there is a rumor that Allen might be trying to keep a piece of the Seahawks.
It is not certain that Scott or Powell-Jobs would be successful as owners. The Lakers won a title under Buss, but haven't done much since. The Lions have some good clippings from the off-season. I'm skeptical until I see it. Not because of Ford, but because of the Lions. The New Orleans franchise has been great in encouraging first-round exits. The recent Saints run was the best in franchise history, and the Pelicans were able to turn around their season despite the city's apathetic approach to NBA basketball.
Kelly Loeffler, the most notable female owner of the WNBA, got run out of Atlanta by her own players due to her rampant Trumpism. The baseline of Scott and Powell-Jobs would be a welcome outlier compared to their male counterparts.
Scott is a philanthropist by trade, and has made generous donations to organizations such as the Communities Transforming Police Fund, an activist group that is focused onRedefining safety.
Lowell-Jobs is involved in philanthropic work. She pledged to give $3.5 billion to fight climate change. I don't agree with her stance on donor-advised funds, which allow donors to remain anonymous, because the public should know where the money goes, who it goes to, and how it exerts influence. Her contributions to the presidential campaigns of Hilary Clinton and Joe Biden, as well as her stake in The Atlantic and public admonishment of Donald Trump, paint a picture of someone who possesses the values that the league and Portlandians hold.
The first female to be a head coach in the NBA is at risk of losing her job because of the coaching search that saw Chauncey Billups get hired. Billups was accused of sexual assault in 1997 and Damian Lillard endorsed him as head coach.
His future and the future of the franchise are intertwined, and who knows how he would feel if Powell-Jobs or Scott decided to part ways with the coach he preferred. It is not a guarantee that Scott or Powell-Jobs will be successful as owners.
The one thing that is certain is that the Trail blazers will have a new owner, and that they will have an owner that they can get behind.
All Rights Reserved © 2024
