Thursday, December 4, 2008

Forbes report: Blazers value jumps 21%

Further proof that everything is going Portland's way right now, things are looking up financially as well for the occupier of the 11th smallest NBA market:

While the Nets suffered the biggest drop of any team, Microsoft co-founder Paul Allen's Portland Trail Blazers experienced the biggest gain. Thanks to a 28 percent increase in ticket revenue and the addition of 20 new sponsors, the Trail Blazers jumped 10 spots on the list from dead last to No. 20 with a valuation of $307 million.

Wow. Remember this? Things can turnaround very quickly with good luck and better leadership. After losing $25 million last year, hemorrhaging only $1 million in 2008 seems massively impressive. At this rate 2009 will be the first time since 1998 that the Blazers actually made money. Hooray for rich people!

No comments:

Blog Archive