After years of heavy losses, Trail Blazers shoot for profitability
A short blurb in the Portland Biz Journal:
During the last three regular seasons, the Portland Trail Blazers victory total jumped by 11, nine and 13 wins, respectively. During the same period, the team’s revenue exploded, spiking from $78 million to $114 million, according to Forbes magazine.
The 48 percent increase boosted the team’s value from $227 million to $307 million and pushed it to the edge of profitability.
The magazine estimates the team had an $85.1 million operating deficit in 2003-04. It’s now slightly less than $1 million.
That means the Blazers, after meeting their team goal of making the playoffs this season, could reach their business goal — profitability — in the next two years after more than $100 million in losses this decade.
almost 3 years ago
jstbeachy
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To think if the 13 win streak never happened and the blazers never bloomed with the upcoming economy state… blazers would be in jeopardy.
-brandonmitchell.org
by brandonmitchell on Apr 18, 2009 1:06 AM PDT reply actions
Thank you Paul Allen
man, loosing all that money to keep the Blazers, I remember a few years ago there was a lot of talk about the Blazers moving or being sold. I started going to more games that year just to show support. I’m really glad everyone worked it out.




















