The Joe Pomp Show How One Sports Owner's Death is About to Reshape the NBA and NFL
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May 19, 2025 The sale of the Portland Trail Blazers is a hot topic, with implications that could shake up both the NBA and NFL. Jody Allen is selling the team due to a stipulation from her late brother, Paul Allen, ensuring all proceeds go to charity. This move sets the stage for a potential shift in ownership dynamics. The discussion dives into valuation insights and how it may impact the Seattle Seahawks. Get ready for a deep dive into the financial and legal intricacies of sports team ownership!
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Trail Blazers' High Valuation
- The Portland Trail Blazers, despite being in a small market, are expected to sell for around $3.25 to $4 billion.
- This valuation is influenced by recent NBA team sales and a huge new media rights deal.
Allen Will Stipulates Charity Sales
- Paul Allen left the Trail Blazers and Seahawks to his sister with the condition they be sold and proceeds given to charity.
- There was no timeline for the sale, making it a question of when, not if, the teams would be sold.
Seahawks' Ghost Equity Clause
- The Seahawks couldn't be sold before 2025 without paying 10% of the sale price to Washington state.
- This "ghost equity" provision was tied to the stadium deal to prevent early sale or relocation.