Michael McCann, GWG's favourite sports law prof, has a post up at his Sports
Law Blog, "Welfare for Billionaire Team Owners? Paul Allen, the Portland
Trail Blazers, and Chapter 11 Bankruptcy"

<q>
Helen Jung of the Portland Oregonian has an excellent article on Portland
Trail Blazers' owner Paul Allen and what he plans to do with his franchise
(Will He Hold the Ball, Dish, or Drive?, Aug. 5, 2006). Until last Friday,
Allen, who co-founded Microsoft and who Forbes Magazine ranks as the world's
6th wealthiest person with a net worth of $22 billion, had planned to sell
the team, in part because of frustrations over the revenue he obtains from
his deal with the Portland Arena Management group, which hosts the Trail
Blazers' home games in the Rose Garden, and in part because of poor
management decisions concerning player talent and player contracts (e.g.,
Zach Randolph's $86 million deal). In fact, the Blazers, which had the NBA's
worst record last season, are expected to lose over $100 million in the next
few years. But Allen could not find a buyer that met his price, even though
the Arena Management group claims that he turned down several lucrative
offers.

Blazers' fans are now wondering what Allen--who, if the Seattle Supersonics
relocate to Oklahoma City, may seek to relocate the Blazers to Seattle,
where he already owns the Seahawks and lives nearby--will do.
</q>

More at:
http://sports-law.blogspot.com/2006...eam-owners.html

In article <bbocd2l0beo2e51cd34d79pjdgf9k9kopb@4ax.com>,
Fistpout Trebuchet <humehnity@example.com> wrote:



Wow, endorsements! And being like Mike, I've never sampled the product
I'm shilling either! :-)