Paul Allen Re-acquires The Arena
On February 2, 2007, Allen (through his subsidiary Vulcan) and PAM announced that the parties had signed a letter-of-intent for Allen to repurchase the arena. On April 2 of that year, the deal was completed. At that point, a new Allen-owned corporation, Vulcan Sports and Entertainment, was chartered to operate Allen's sports-related properties, including the arena, the Trail Blazers, and the Seattle Seahawks. Terms of the purchase agreement were not disclosed.
Read more about this topic: Rose Garden Arena Bankruptcy
Famous quotes containing the words paul, allen and/or arena:
“Our birthdays are feathers in the broad wing of time.”
—Jean Paul Richter (1763–1825)
“Well, I don’t know, but I’ve been told
The streets in heaven are lined with gold.
I ask you how things could get much worse
If the Russians happen to get up there first;
Wowee! pretty scary!”
—Bob Dylan [Robert Allen Zimmerman] (b. 1941)
“O the joy of the strong-brawn’d fighter, towering in the arena in perfect condition, conscious of power, thirsting to meet his opponent.”
—Walt Whitman (1819–1892)