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Started By
Message
re: Steve Ballmer to buy Los Angeles Clippers for NBA-record $2 billion
Posted on 5/30/14 at 12:02 am to cwill
Posted on 5/30/14 at 12:02 am to cwill
quote:
I meant owning franchise had more value to him than the actual cash value in his pocket.
Tell yourself whatever you need to feel like you won.
$2 billion. Roll that around a minute. Sterling came out of this smelling like a rose.
0
Posted on 5/30/14 at 12:03 am to onmymedicalgrind
Is there an ignore button for this stupid arse?
Posted on 5/30/14 at 12:04 am to SavageOrangeJug
quote:
Do you want to discuss the thread topic, because I really don't have time to waste on your arse tonight.
It has been laid out for you but you never address those points . You appear to be the first to resort to the attacks. You are a clueless individual.
Posted on 5/30/14 at 12:05 am to cwill
quote:
It has been laid out for you but you never address those points . You appear to be the first to resort to the attacks. You are a clueless individual.
What part of, "Do you want to discuss the thread topic, because I really don't have time to waste on your arse tonight", did you fail to comprehend?
Posted on 5/30/14 at 5:22 am to SavageOrangeJug
quote:
You and nopussybadazz seem to run that mouth together in every thread. Now do you have something constructive to say, boy?
Why did I fall asleep before this one
really got entertaining?
This post was edited on 5/30/14 at 5:30 am
Posted on 5/30/14 at 7:11 am to cwill
quote:
And for you and cptotto, putting aside your lack of understanding of what owning an nba franchise means to a billionaire
Tell me, Chris....which one are you that you "understand".
Are you the billionaire, or the owner of an NBA franchise?
Posted on 5/30/14 at 7:24 am to SavageOrangeJug
I would like to know what the payout would be on this $2b investment. I don't know how much money the clipper's make annually but I don't think the new owner would recoup his investment in 20 years or until he sells the team. Personally I think this is a horrible financial investment but professional ownership is more about ego than ROI.
Posted on 5/30/14 at 7:43 am to dante
I just heard a female sports journalist blasting Ballmer. She said he should have spent the $2B for programs to help children living in poverty.
Posted on 5/30/14 at 8:14 am to SavageOrangeJug
quote:
What part of, "Do you want to discuss the thread topic, because I really don't have time to waste on your arse tonight", did you fail to comprehend?
I'd like to discuss the thread topic.
Let's start here: LINK
This post was edited on 5/30/14 at 8:21 am
Posted on 5/30/14 at 8:54 am to dante
quote:
Personally I think this is a horrible financial investment
It probably is, but pro sports ownership isnt about ROI as much as it is the status and "fun" involved in owning a pro sports team. No different than buying a really expensive car (on a much larger scale of course) not because it was a savvy financial move, but because its awesome to have really nice cars when you rich.
quote:
but professional ownership is more about ego than ROI.
Bingo.
Posted on 5/30/14 at 8:56 am to boosiebadazz
Too many big words for me boosie, was one of the 10 reasons the fact that the price got inflated so that the NBA would avoid getting "burned to the ground" like one of our resident financial scholars proposed?
Posted on 5/30/14 at 8:57 am to onmymedicalgrind
quote:
t probably is, but pro sports ownership isnt about ROI as much as it is the status and "fun" involved in owning a pro sports team.
what?Posted on 5/30/14 at 8:58 am to SDVTiger
Whats confusing you?
Posted on 5/30/14 at 8:59 am to onmymedicalgrind
Your entire statement that was quoted
Posted on 5/30/14 at 9:00 am to onmymedicalgrind
That's above my pay grade, too. We'll have to wait for SavageOrangeJug, chip salesman extraordinaire, B.S., MBA, J.D., L.L.M., CFP, CPA to come and enlighten us.Posted on 5/30/14 at 9:05 am to SDVTiger
Don't know how to make it more clear, I didn't use any big words or anything 
Posted on 5/30/14 at 9:06 am to CptBengal
quote:
Tell me, Chris.
Now Chris? Last time you were asking me about books I wrote. Who is it that you think I am??
Sports ownership for the billies isn't about $$$ it's about the enjoyment...it's a luxury item and/or ego item.
And interestingly, Sterling, is protesting the sale:
quote:
Donald Sterling's lawyer spoke with multiple outlets Thursday and said he has not signed off on any sale and that he does not want to sell. Keep in mind, if NBA lawyers have serious doubts about whether Donald Sterling's lack of cooperation would scuttle the sale to Ballmer, the league would have to proceed with the vote and sell the team itself -- at the risk of legal action.
LINK
Of course the trust has tried to have him declared incapacitated/incompetent, but he's fighting that, too.
But, in sum, those that suggested the money wasn't what he wanted, were correct.
This post was edited on 5/30/14 at 9:07 am
Posted on 5/30/14 at 9:07 am to boosiebadazz
And dont forget cpt whose new sole mission in life is to ensure the destruction of pro sports in America. What a noble crusade that is!
Posted on 5/30/14 at 9:09 am to boosiebadazz
I really don't think they understand supply and demand. You have Tony Ressler and his group of investors bidding $1.2 billion. You have David Geffen and his team of billionaires, including Oprah, bidding on the team. They bid reportedly $1.6 billion. Then you have Ballmer bidding $2 billion. And these guys claim the team isn't worth that much. They apparently don't understand a team is worth what buyers are willing to pay for it. Here we have three buyers willing to pay more than what was thought was the value. What was thought was wrong.
It's like when LSU paid Saban his first ridiculously high salary. That was way above what the market was paying. He broke the seal.
He did it again this past year. You can't say he's not worth it. He clearly is, to Alabama.
I just can't figure out why these guys don't understand simple supply and demand.
It's like when LSU paid Saban his first ridiculously high salary. That was way above what the market was paying. He broke the seal.
He did it again this past year. You can't say he's not worth it. He clearly is, to Alabama.
I just can't figure out why these guys don't understand simple supply and demand.
This post was edited on 5/30/14 at 9:11 am
Posted on 5/30/14 at 9:10 am to cwill
quote:
But, in sum, those that suggested the money wasn't what he wanted, were correct
If he wanted to sell for profit , he wouldn't have had to be forced into it. Clippers have never been hotter, and everyone knew that.
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