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Message
re: Steve Ballmer officially owns the LA Clippers.
Posted on 8/12/14 at 12:12 pm to Navytiger74
Posted on 8/12/14 at 12:12 pm to Navytiger74
a really rich guy wanted to own a team as a toy so he way overbid his competitors, I don't think it will over inflate the values of other teams.
2
Posted on 8/12/14 at 12:14 pm to BilJ
quote:
a really rich guy wanted to own a team as a toy so he way overbid his competitors, I don't think it will over inflate the values of other teams.
My first mind also said that it was a unique set of circumstances, but I'm not too sure. Especially as some of these owners (who are in no way interested in selling) get up there in age and their wives/kids take over.
There are more billionaires looking for toys now than ever in American history.
Posted on 8/12/14 at 12:15 pm to BilJ
quote:
a really rich guy wanted to own a team as a toy so he way overbid his competitors, I don't think it will over inflate the values of other teams.
I think the NBA players will be using this and the sale of the Bucks as ammo come next CBA. The owners can no longer say they are losing money when teams are being sold for over half a billion dollars.
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