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 PORTLAND, Ore. (AP) - The NBA and the Northwest are not a good match at the moment. First the Seattle SuperSonics, and now the Portland Trail Blazers, are making loud noises about their unhappiness with their arena leases and the lack of public financing, suggesting — without actually saying — they just could pack up and leave.
Billionaire Paul Allen, who owns the Blazers, made his team's revenue forecast public for the first time late Thursday, estimating he will lose $100 million over the next three years.
And the man who runs Allen's privately held investment firm, Vulcan Capital, says the "brutal facts" are that the team cannot keep losing money any more.
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