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Portland Trail Blazers’ $3.65 Billion Valuation in 2025: A Legacy on the Brink of Change

An in-depth look at the Portland Trail Blazers’ financial journey, ownership transitions, and the future of this iconic NBA franchise.

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The Portland Trail Blazers in action at the Moda Center during the 2024-25 NBA season.
The Portland Trail Blazers in action at the Moda Center during the 2024-25 NBA season.

The Portland Trail Blazers, a cornerstone of the NBA since 1970, have been a symbol of resilience and community spirit. As of 2025, the franchise boasts an estimated valuation of $3.65 billion, reflecting its rich history, dedicated fan base, and strategic business operations. The recent announcement of the team’s impending sale has reignited discussions about its legacy and future direction.


Early History and Ownership

Founded in 1970, the Trail Blazers quickly established themselves as a formidable presence in the NBA. The team’s pinnacle came in 1977 when they clinched their first and only NBA Championship. In 1988, Microsoft co-founder Paul Allen acquired the franchise for $70 million, ushering in a new era of innovation and commitment to excellence. Following Allen’s passing in 2018, ownership transitioned to his sister, Jody Allen, who has overseen the team’s operations through the Paul G. Allen Trust.


Recent Developments and Sale Announcement

In alignment with Paul Allen’s directive to allocate his estate’s proceeds to philanthropic endeavors, the Paul G. Allen Trust announced in May 2025 the commencement of the Trail Blazers’ sale process. The sale is being managed by investment bank Allen & Company and law firm Hogan Lovells, with expectations to finalize the transaction by the 2025-26 NBA season. Notably, the estate’s holdings in the Seattle Seahawks and Seattle Sounders FC remain unaffected by this sale.

The Portland Trail Blazers in action at the Moda Center during the 2024-25 NBA season.

Financial Performance and Valuation

The Trail Blazers’ financial metrics underscore their robust market position:

  • Valuation: Estimated at $3.65 billion, placing them 22nd among NBA franchises.
  • Revenue: Reported $339 million in revenue for the 2023-24 season.
  • Operating Income: Achieved an EBITDA of $71 million during the same period.

These figures reflect the team’s consistent performance and strategic business operations.\


Potential Buyers and Future Prospects

The announcement of the sale has attracted interest from several high-profile individuals:

  • Phil Knight: The 87-year-old Nike co-founder, previously interested in acquiring the team, has officially withdrawn his candidacy, citing age as a primary factor.
  • Jeff Bezos: The Amazon founder, with a net worth exceeding $200 billion, has been linked to potential ownership, though no official statements have been made.
  • MacKenzie Scott: Philanthropist and ex-wife of Jeff Bezos, Scott has been speculated as a potential buyer, aligning with her philanthropic endeavors.

The sale’s outcome will significantly influence the franchise’s direction, with fans advocating for ownership that preserves the team’s Portland roots.


Assets and Infrastructure

  • Arena: The team plays at the Moda Center, a state-of-the-art facility with a seating capacity of 19,980.
  • Media Rights: The NBA’s new media rights deal, valued at $76 billion over 11 years, is expected to enhance the Trail Blazers’ revenue streams.
  • Merchandising and Sponsorships: The team’s branding and partnerships contribute significantly to its financial stability.

Is the Portland Trail Blazers’ sale finalized?

No, the sale process is underway, with expectations to conclude by the 2025-26 NBA season, pending NBA Board of Governors’ approval.

Will the team relocate post-sale?

While relocation concerns exist, the team’s strong Portland identity and fan base make such a move unlikely.

Who are the leading candidates to purchase the team?

Potential buyers include high-net-worth individuals like Jeff Bezos and MacKenzie Scott, though no official bids have been confirmed.

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Trump’s Explosive Oval Office Showdown with Zelenskyy Leaves Europe Scrambling for Diplomacy Backup

As Trump and Putin meet in Alaska, Zelenskyy faces tense Oval Office confrontation, raising alarm in Europe about Ukraine’s future in peace talks.

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Trump Explodes at Zelenskyy After Putin Summit as Europe Fears Diplomatic Breakdown
Tensions peaked as Trump confronted Zelenskyy during an Oval Office meeting following the Alaska summit with Putin.

Former President Donald Trump hosted Russian President Vladimir Putin in Alaska this week in a high-stakes summit aimed at ending the devastating war in Ukraine. While the summit failed to secure a ceasefire, it triggered a cascade of diplomatic drama, culminating in an Oval Office confrontation with Ukrainian President Volodymyr Zelenskyy that now has European leaders rushing to Washington.

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The Trump-Putin meeting marked one of the most consequential diplomatic engagements in recent years. The war in Ukraine — now in its fourth year since Russia’s full-scale invasion on February 24, 2022 — has claimed approximately 2 million lives and fractured global alliances. Trump, who has repeatedly claimed the war would have “never happened” under his presidency, is campaigning on promises to broker peace “on day one.”

According to Trump’s envoy Steve Witkoff, the Alaska summit yielded “substantial concessions,” including robust security guarantees for Ukraine and a Russian legislative commitment to halt territorial expansion beyond a finalized peace deal.

“We agreed on much more robust security guarantees… The Russians agreed on enshrining legislatively language that they would attest to not attempting to take any more land from Ukraine,” Witkoff revealed.

But those diplomatic overtures unraveled quickly in Washington.

The Explosive Oval Office Exchange

Trump convened an Oval Office meeting with Zelenskyy and Vice President JD Vance, intending to brief them on the summit’s progress and discuss next steps. Instead, tensions exploded.

Zelenskyy openly mocked the idea of negotiating with Putin, prompting a scathing tirade from Trump:

“We gave you, through this stupid president, $350 billion. We gave you military equipment… If you didn’t have our military equipment, this war would have been over in two weeks… you don’t have the cards,” Trump reportedly shouted.

The verbal firefight led to Zelenskyy storming out of Washington early. A pending minerals trade agreement, initially expected to be shelved, was mysteriously ratified afterward — though not without questions surrounding the White House’s pressure tactics.

The incident has rattled diplomatic circles across Europe, with many leaders expressing fears that Zelenskyy is being “bullied” into peace terms unfavorable to Ukraine.


Europe Steps In, Rubio Fires Back

On CBS’ Face the Nation, Senator Marco Rubio fiercely defended Trump and lashed out at host Margaret Brennan for suggesting European leaders were flying in to support Zelenskyy during post-summit talks.

“That is not true… They’re not coming here tomorrow to keep Zelenskyy from being bullied,” Rubio said, raising his voice. “This is such a stupid media narrative.”

Brennan had pointed out that European allies were concerned Zelenskyy would be forced to sign away strategic leverage under Trump’s pressure, citing the bruising Oval Office incident.

Rubio dismissed those concerns outright:

“We had one meeting with Putin and like a dozen meetings with Zelenskyy… The President talked to these leaders as early as Thursday.”

He added that the next phase would likely include a trilateral meeting between Trump, Putin, and Zelenskyy — or at the very least, a forum where both warring leaders are brought to the same table.


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What’s Next?

Despite the heated back-and-forth, both the U.S. and Russia characterized the Alaska summit as “progress.” No ceasefire was declared, but plans are underway for another round of talks.

Zelenskyy, whose political brand is built on unyielding resistance to Russian aggression, now finds himself in an increasingly isolated position. His Western backers seem divided: some, like European heads of state, are pushing for continued military support; others, such as Trump’s circle, are aggressively angling for a peace deal — no matter the optics.

The unexpected drama has intensified scrutiny on Trump’s diplomatic strategy and raised new questions about how future peace negotiations will unfold.

And while the war still rages in eastern Ukraine, the political battle over how to end it just escalated — not in Kyiv or Moscow, but inside the Oval Office.
For more Update http://www.dailyglobaldiary.com

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Renault’s Star Designer Gilles Vidal Quits in Surprise Move to Stellantis… Who Will Fill His Shoes?

After reshaping the future of Renault’s electric cars, Gilles Vidal stuns the auto world by rejoining Stellantis to head design for Citroën, Peugeot, Opel, and more.

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Renault Designer Gilles Vidal Joins Stellantis to Lead Citroën, Peugeot, Opel, and More
Gilles Vidal, the mind behind Renault’s electric design revolution, is heading back to Stellantis to lead design for 8 iconic brands.

In a move sending shockwaves through the European auto industry, Gilles Vidal — the celebrated French designer who played a pivotal role in reviving Renault’s design identity — is heading back to where it all began: Stellantis.

Gilles Vidal Returns to Stellantis as Head of Design for European Brands Daily Global Diary - Authentic Global News


After five transformative years at Renault, Vidal will officially take over as the head of design for multiple Stellantis brands including Citroën, Peugeot, Opel, Fiat, Abarth, Alfa Romeo, Lancia, and DS Automobiles — replacing outgoing design chief Jean-Pierre Ploué as of October 1, 2025.

“In a world where technology and design must move forward together to transform the customer experience, this challenge motivates me deeply,” Vidal said in a statement.



From Peugeot’s Resurrection to Renault’s Rebirth

Before joining Renault in 2020, Gilles Vidal had already made his mark. He was widely credited as one of the leading forces behind Peugeot’s revival, having designed icons like the Peugeot 208, 308, and 2008 — all of which earned the European Car of the Year title.

At Citroën, where he started his career in 1996, Vidal honed his reputation as a bold and forward-thinking designer. But his move to Renault was seen as a major coup at the time — and one that paid off handsomely for the diamond-branded automaker.

At Renault, Vidal spearheaded design for several next-gen vehicles including:

  • Renault Scénic Vision
  • Renault Rafale
  • Renault Symbioz
  • The all-electric R4 and R5
  • The high-concept Emblem car, considered a future luxury flagship

His departure now raises questions: Can Renault maintain its newfound design identity without him? And what will Stellantis gain from Vidal’s return?


A Strategic Win for Stellantis

According to industry insiders, this move is being celebrated as a “power play” by Stellantis CEO Carlos Tavares. The group’s European market chief Jean-Philippe Imparato stated:

“His deep understanding of European automotive culture and his forward-looking design vision will be essential as we continue to redefine mobility and strengthen the identity of our European brands.”

Vidal will collaborate closely with Stellantis Chief Design Officer Ralph Gilles, working across multiple markets and segments—especially city cars and light vehicles.

Renault 5 Prototype lead Daily Global Diary - Authentic Global News

What Does This Mean for the Future of Car Design?

With so many brands under Stellantis struggling for individual identity—especially Lancia, DS, and Opel—Vidal’s new role will be more than just artistic. It’s strategic. The job requires branding insight, innovation, and deep market instincts, all of which Vidal has in abundance.

This also comes at a time when EV design is becoming the new battleground, and cross-brand consistency can make or break long-term adoption. Vidal’s touch could reshape how Europe sees Stellantis — not just as a collection of legacy brands, but as a futuristic design powerhouse.

renault hires ex peugeot designer 2 Daily Global Diary - Authentic Global News

Final Thoughts: Renault’s Loss, Stellantis’s Jackpot

In just five years, Gilles Vidal helped Renault rediscover its design soul. His sudden exit is a major blow to the company, especially with its ambitious EV roadmap just gaining momentum. But for Stellantis, it’s a chance to consolidate influence over the European auto market with one of the industry’s most visionary designers now in their corner.

And with Avenger EVs, Peugeot concepts, and Fiat revivals already in progress — Vidal’s next chapter could be his boldest yet.
For more Update http://www.dailyglobaldiary.com

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“We Almost Collided Mid-Air” Southwest Pilot Tells Passengers After Terrifying Nosedive

Children screamed, flight attendants were injured, and one crew member quit—what really happened on Southwest Flight 1496?

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Southwest Flight Nosedives to Avoid Mid-Air Collision, Passengers Terrified
Passengers on Southwest Flight 1496 screamed in terror as the plane plunged 20–30 feet to avoid mid-air collision near Los Angeles.

Passengers on Southwest Airlines Flight 1496 got far more than they bargained for on a routine trip from Burbank, California to Las Vegas, Nevada when the plane reportedly went into a sudden nosedive mid-air, narrowly avoiding what could have been a catastrophic mid-air collision.

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“It felt like the Tower of Terror ride,” said passenger Caitlin Burdi, recalling the moments of chaos. “We fell 20 to 30 feet in the air… people screamed, kids were crying, and flight attendants were hurt.”

According to Southwest Airlines, the aircraft took evasive action shortly after takeoff due to two airborne traffic collision alerts, forcing the pilot to ascend and descend rapidly within seconds. This caused passengers to jolt out of their seats—some hitting the ceiling—leaving two flight attendants injured.


Emergency Maneuver Sparks Panic

The incident occurred about 10 minutes into the flight, around 11 a.m. local time, while the aircraft was still within Los Angeles Air Route Traffic Control Center airspace. The Federal Aviation Administration (FAA) later confirmed that another aircraft was in the vicinity, suggesting a near-miss situation.

Passengers onboard reported sheer panic. One flight attendant hit her head during the drop, while another—visibly shaken—allegedly announced he was quitting. As passengers tried to make sense of the terrifying moment, the pilot came on the intercom with a stunning admission:

We almost collided with another plane, and I had to make the emergency attempt to go under because we lost service with air traffic control,” one passenger recalled him saying.

f492383c70ddc6cff22a1f27dcdc6665 Daily Global Diary - Authentic Global News

“Nothing Is More Important Than Safety,” Says Airline

In a statement to Fox News Digital, Southwest said the flight landed “uneventfully” in Las Vegas and that the company is now working closely with the FAA to investigate what led to the critical mid-air maneuver.

“We appreciate the professionalism of our Flight Crew and Flight Attendants in responding to this event,” said a Southwest spokesperson. “Nothing is more important to Southwest than the Safety of our Customers and Employees.”


What Passengers Experienced

People thrown out of seats and into overhead panels

Screams and panic as plane dipped rapidly

Crew injuries, with one attendant expressing intent to quit

Pilot confirmed near-collision and communication loss with ATC

sddefault 1 Daily Global Diary - Authentic Global News

Mid-Air Scares Becoming Too Common?

This latest scare comes on the heels of several other alarming aviation incidents in the U.S.:

A small plane crash in San Diego recently claimed lives after hitting power lines.

An American Airlines jet made headlines last week for making an emergency landing due to an engine emitting smoke.

Five passengers were hospitalized after another American Airlines flight encountered unexpected turbulence.

As skies grow more crowded and airlines continue pushing schedules post-pandemic, air traffic safety is once again in the spotlight.


What Happens Next?

The FAA investigation will focus on why two planes came so dangerously close and how such an event was allowed to occur despite modern radar and control systems.

In the meantime, frequent flyers may now be asking: Are our skies really as safe as we think?

For passengers of Southwest Flight 1496, the answer is hauntingly clear.
Lingering Fear in the Skies

Many passengers say they’ll think twice before boarding another flight so soon.

“You never expect something like this to happen until it does,” said Caitlin Burdi. “For a moment, I truly thought we were going down.”

Several travelers reportedly held hands, prayed, and cried as the plane regained stability. The trauma—even after a safe landing in Las Vegas—has left an emotional scar.
For more Update http://www.dailyglobaldiary.com

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