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Message
re: Steve Ballmer to buy Los Angeles Clippers for NBA-record $2 billion
Posted on 5/30/14 at 7:24 am to SavageOrangeJug
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.
2
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 8:54 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.
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