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

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


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