Home Back Issues August 2007 Oden starts the money ball rolling

Oden starts the money ball rolling

| Print |  Email
Archives - August 2007
Wednesday, August 01, 2007

GregOden.jpg

PORTLAND — While Greg Oden’s arrival has been a business-model boost for the Portland Trail Blazers, the Blazers have realized that a franchise overhaul doesn’t happen overnight. The Blazers had been snubbed by all but their most die-hard fans, but after scoring the NBA’s 2007 first draft pick on May 22, there was a “turbo boost of excitement,” prompting the purchase of 500 tickets in just that night, according to Mike Golub, executive vice president of business operations. Business was booming again.

After several seasons that drained its pocketbook, Blazer fervor peaked in the weeks before the draft pick between Oden and now Seattle Supersonics forward Kevin Durant. “We had some fun with the debate,” says Golub. The enthusiasm of fans when they welcomed Oden to Portland at a downtown rally was reflected in ticket sales, with 3,500 season tickets sold so far, ranging from $440 to $5,000 each.

The initial spike in sales gave the franchise a quick boost, but the Blazers are far from rolling in the profits they saw during their heyday, when they sold 15,000 of the 19,000 seats. Sponsorship sales have also picked up and Golub says they’re poised to add a couple dozen new sponsors to their current 70-plus roster.

— Eunice Lee


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS