[News] Allen Family Estate finally selling the Blazers

RAJ family can't buy the team outright, an earlier report I saw was they wanted to block this whole group, it does make more sense if they just want to have the secondary ownership stake. Sell their Kings share to the Panda group and maybe everything is kosher? Throw in a deal to give them first crack at the next WNBA team for the trouble?!?
 
RAJ family can't buy the team outright, an earlier report I saw was they wanted to block this whole group, it does make more sense if they just want to have the secondary ownership stake. Sell their Kings share to the Panda group and maybe everything is kosher? Throw in a deal to give them first crack at the next WNBA team for the trouble?!?
Yeah, this is weird. My best guess is that the Cherng family had originally been a part of a RAJ group attempt to buy the Blazers and signed something that can be interpreted as preventing them from joining another group. But I think we're still waiting for actual details to come out. Still, I can't see any other legal angle here.
 
Yeah, this is weird. My best guess is that the Cherng family had originally been a part of a RAJ group attempt to buy the Blazers and signed something that can be interpreted as preventing them from joining another group. But I think we're still waiting for actual details to come out. Still, I can't see any other legal angle here.
I was thinking maybe something was promised when they bought the WNBA team? I don't know, it's not my team, I can sort of see rationale behind them having ownership stake in the brother/sister clubs, and with the Thorns they are all in on once city which is seemingly great for consistency? Horrible if you wind up hating them. Not really something I worry about.
 
I was thinking maybe something was promised when they bought the WNBA team? I don't know, it's not my team, I can sort of see rationale behind them having ownership stake in the brother/sister clubs, and with the Thorns they are all in on once city which is seemingly great for consistency? Horrible if you wind up hating them. Not really something I worry about.
Is Cherng part of the RAJ WNBA group? I didn't realize that, but if so it would likely be part of some sort of conflict of interest complaint.
 
Is Cherng part of the RAJ WNBA group? I didn't realize that, but if so it would likely be part of some sort of conflict of interest complaint.
Not that I’m aware I just wondered if as part of that deal they got a right of first refusal of some kind since they operate in the same arena? I have no idea. It just makes sense to consolidate in one city vs. a portfolio of teams all around. I don't know of any connection that the Panda people have to Portland except that it alliterates nicely 🤣
 
Not that I’m aware I just wondered if as part of that deal they got a right of first refusal of some kind since they operate in the same arena? I have no idea. It just makes sense to consolidate in one city vs. a portfolio of teams all around. I don't know of any connection that the Panda people have to Portland except that it alliterates nicely 🤣
The Cherng matriarch is from OSU, apparently. May not be much more connection.

Edit: I am aware that is Corvallis and not Portland.
 
The Cherng matriarch is from OSU, apparently. May not be much more connection.

Edit: I am aware that is Corvallis and not Portland.
I did not know that. It seems beyond that their business ventures are mostly SoCal and Vegas (why did I think they were in Texas?) We only have like 3 confirmed billionaires in Oregon - Uncle Phil, Tim Boyle (Columbia Sportswear) and Travis Boersma (Dutch Bros) and Dutch Bros has moved their operations to Arizona so that may soon be down to two.

I work pretty closely with OSU Corvallis, they visit us 2-3x a year. I drive through there once or twice a year. Close enough.
 
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