Portland fans know what happens when Vulcan gets involved with their franchise and they don't like it.
I'll get to that in a minute, but first, let me fill in the blanks for those of you that don't know about Paul Allen's ownership company called Vulcan.
In 1988, current Portland Trail Blazers owner purchased the now booming franchise, but it wasn't always so.
Let's start with Mr. Allen. His empire began in 1975 when he and Bill Gates started the company Microsoft. His investment in the company paid off and he was set for life. From then on he invested for his own pleasure.
Starting with his purchase of the Portland Trail Blazers organization for a cool $70 million dollars (The franchise is estimated to be well over $300 million today), then the new home of the Blazers in 1995, and finally the purchase of the Seattle Seahawks organization in 1997.
This is when Mr. Allen began his own financial management company called Vulcan Inc. He did this because he needed someone to help him keep track of each an every financial decision and make the correct business move.
And it immediately hurt the team.
The ...
Read Full Article at Bleacher Report - NBA
Article written by Ryan Virgin
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