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re: Could Benson get a billion for the Pels
Posted on 5/30/14 at 6:45 pm to Thomas J Sennett
Posted on 5/30/14 at 6:45 pm to Thomas J Sennett
quote:
i seriously put a billion dollar tag on just the drama... no way clip go for more than a single billion before the drama
Eh. Ballmer over paid and the deadline Shelly set certainty helped, but the other bids were ~ 1.6B which is probably not too far off.
Sterling, aside from being a true piece of shite, was a horrendous NBA owner. He did nothing for that team for 30 years. In one of the biggest markets in the country.
Lakers make $150M/year in local tv, Clips $20M. There is tremendous untapped value in that team
2
Posted on 5/30/14 at 6:51 pm to corndeaux
Ballmer missed on buying like 3 teams, right?
I think he overbid because he didnt want to lose another one. Should be interesting to see what he will do with that franchise.
I think he overbid because he didnt want to lose another one. Should be interesting to see what he will do with that franchise.
Posted on 5/31/14 at 10:23 am to corndeaux
quote:
Sterling, aside from being a true piece of shite, was a horrendous NBA owner. He did nothing for that team for 30 years. In one of the biggest markets in the country.
He kept them in LA proper, which is a bigger reason for the price tag than his tirade.
This sale will have little effect on the rest of the league. 2 years ago, nobody even wanted the hornets, you think now that someone overpaid to have a team in LA that they could be sold for nearly 3x what they were just purchased for (directed at OP)?
Seriously, that is like saying a house on St. Charles ave that needs a little work just sold for $2M, so my house of similar sqft in Covington, that had been sitting on the market for 18 months before getting sold at $350k is suddenly worth $1M. The potential revenue in LA far exceeds any sport franchise in Nola, and the price tag will reflect that.
Did he over pay? Probably, but I'm sure the former CEO of fricking Microsoft has access to some advanced financial modeling resources to guide his bid, that may have even valued them at $2.5B. People are acting like these billion dollar transactions are completely arbitrary decisions.
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