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Message
re: Oprah wants the clippers
Posted on 4/30/14 at 11:28 am to okietiger
Posted on 4/30/14 at 11:28 am to okietiger
quote:
Dumb question, but Sterling would profit from the sale correct?
Yes. He bought the team for a little over $10M and would sell it for as low as $1B, just from numbers I have seen being thrown around.
1
Posted on 4/30/14 at 11:33 am to OnTheBrink
quote:
Yes. He bought the team for a little over $10M and would sell it for as low as $1B, just from numbers I have seen being thrown around.
He should give most of the money from the sale away. He is entitled to a profit but anything over $5M isn't right. A 50% profit is more than enough.
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