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

Revolution in print, pixels and passion

News
Tuesday, March 11, 2014
RyanFrankNewsBY MARK BLAINE | OB BLOGGER

The publisher of the Emerald Media Group moves on, leaving a cutting edge media group that depends on business acumen for its survival.


Read more...

How to handle the unexpected

Contributed Blogs
Friday, March 28, 2014
03.28.14 thumb disasterBY TOM COX | OB BLOGGER

The next mysterious (or disastrous) event could be one that you or your team might suddenly need to respond to, probably under intense scrutiny.


Read more...

From the Editor: The human factor

March 2014
Tuesday, February 25, 2014

In this issue, we celebrate our 21st annual 100 Best Companies to Work For in Oregon project.


Read more...

Buy the book

News
Tuesday, March 25, 2014
2 03.25.14 thumb bookshopBY VIVIAN MCINERNY | OB BLOGGER

Oregon is home not only to many fine writers but also several accomplished small publishers.


Read more...

100 Best Companies to Work for in Oregon [VIDEO]

News
Monday, March 03, 2014

Screen shot 2014-03-03 at 11.26.47 AM

Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


Read more...

Fuel's gold

March 2014
Tuesday, February 25, 2014
BY SOPHIA BENNETT

The coastal town of Coos Bay appears poised to land every economic development director’s dream: a single employer that will bring hundreds of family-wage jobs and millions in tax revenue. 


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