Charles Beauchamp wrote:

Mostly. Less than 4 mil. for the city...the contract does name damages not compensable monetarily,
but that would be a fight the city likely would not want to pay for...



Eisily. Now they pay the big lease, do not get the luxary box revenue etc....


City is not interested in the RG and the owners want their 180 million that Allen owed before he
gave it to them in the settlement. The city has no interest in buying the RG and as far as I have
heard the Blazers have not asked them to broker a loan at better rates. If Allen had wanted the RG
he could have refinanced it himself.
When that happened I figured then he was seperating the team from the RG to eventually move out.


The RG is already settled between the creditors and the Blazers.


Depends on what is in the court settlement on the RG already. The bankruptcy of the team would be to
break the lease, it has nothing to do with the past debt. The creditors got the RG for that.


Agreed in the long run. They can make up any penalty with a better deal elsewhere. However they
might give the city a temporary injunction while it went though the courts, assuming the city
actually wanted to fight it that bad..... Minny got one on the Twins back when to keep them playing
their home games there for one season when the city masde no money off the team. It stood up on
apeal too. On the other hand Anaheim just sued the Angels over intagibles on the name which is in
the contract, were not able to get an injunction and lost in a jury trial.


Not as delusional as the sonic fans that think the Sonics are staying in Seattle....=)


--
Laurel T
"Heaven grew weary of the excessive pride
and luxury of China....I am from the Barbaric North.
I wear the same clothing and eat the same food as
the cowherds and horse-herders.
We make the same sacrifices and we share our riches.
I look upon the nation as a new-born child and I care
for my soldiers as though they were my brothers."
Chingis Khan

Terraholm wrote:

The consensus opinion seems to be almost universal that they are moving. I
do see very limited possibility of saving the Sonics but there isn't a lot
of time.
--
v/r Dread Pirate Rackham

"You know one things that's wrong with this country? Everybody gets a
chance to have their fair say." - President Clinton 28 May 1993

"There is nothing patriotic about hating your country, or pretending
that you can love your country but despise your government." -
President Clinton 5 May 1995

Charles Beauchamp wrote:

NWCN this morning has a scroll that says the RG owners and the Blazers are going over the bids for
the team and RG.


--
Laurel T
"They run like deer, jump like deer
and think like deer."
Charles Barkley on the blazers

Terraholm wrote:

http://www.oregonlive.com/blazers/o...8580.xml&coll=7

Blazer bosses start sizing up bids for team
Sale - Prospective buyers are from inside and outside the Portland area
Thursday, August 03, 2006
HELEN JUNG
Vulcan Inc., the Rose Garden arena's owners and their investment banker are reviewing a crop of bids
from prospective buyers of the Portland Trail Blazers.

The bids, which were due last week, include offers from inside and outside the Portland area,
according to multiple sources who declined to be identified.

The next step, the sources said, is for the team and building owners to meet with individual
bidders, exchange more detailed information and narrow down the list.

It's unclear how many groups placed bids or how fast a sale could take place. But as the sales
process progresses, the window for completing a deal before the start of the NBA season is closing
fast.

"The chances for new ownership and management to be able to implement anything meaningful in terms
of marketing or promotions about the repositioning of that franchise certainly won't happen this
year," said David Carter, principal of Sports Business Group in Redondo Beach, Calif.

Another open question: what price the team will fetch. The past five NBA team sales have fallen in
the $300 million to $400 million range. And last month, the owners of the Seattle SuperSonics
announced a deal to sell the team to an Oklahoma City group for $350 million. Although the group has
said it plans to keep the team in Seattle for now, some speculate the group will move the team to
Oklahoma City.

In some ways, the Sonics -- whose lease to play in Seattle's Key Arena expires in 2010 -- might seem
like a more valuable team than the Blazers, considering the Sonics' portability, said Jeff Phillips,
director of Houlihan Lokey Howard & Zukin investment bank. "If you have a franchise that is not
portable because of a long-term lease, it's not as attractive as one (that has) the ability to
move."

But many variables will drive the price, from how many buyers are interested to how deep the
short-term losses are expected to be. Teams expected to incur higher losses in the next few years
will likely fetch lower up-front sales prices, he said.

Still, others believe the Trail Blazers, which will be sold with the Rose Garden, offer a
prospective owner a better package than the Sonics -- provided the owner wants to keep the team in
Portland.

The arena is already built and has luxury suites and premium seating that offer money-making
opportunities. It's the only major-league franchise in Portland. And despite its losses, it's still
an attractive proposition to those who have already stated their interest in the team, including a
group led by former Blazer Terry Porter; another with Hollywood Video founder Mark Wattles; and
another with Broadcom Chairman Henry Samueli.

"Terraholm" <terraholm_SpamNata_@hotmail.com> wrote in message
news:4jehibF7o405U1@individual.net...

And now they say Allen has decided to not sell. Shit.

Go Blazers !

Swillabrew wrote:

Better change your sig to 'stay blazers'....

"Terraholm" <terraholm_SpamNata_@hotmail.com> wrote in message
news:4jfrb4F7n8icU1@individual.net...

How 'bout, "Go Blazers ! Go Away Paul" ? : )

Go Blazers !

"Terraholm" <terraholm_SpamNata_@hotmail.com> wrote in message
news:4jfrb4F7n8icU1@individual.net...
I reckon the only question not answered is; will it be The OkayDoky Trail Or
the OakyDoky Boom as in Sonic? Either way I see Allen in Seattle by 2010
KjH>

Portland Tribune ~ August 4, 2006

<http://www.portlandtribune.com/news/story.php?story_id=115463966689472700>