Oh good lord. There is no reason for Ballmer or anyone else to pay 2 billion dollars for this franchise other than the goodwill that come along with it. Its not hard to understand.

Ballmer could have purchased the Sonics for 2 billion and kept them in Seattle. Why didn't he?

Edit to add: Because the Sonics weren't worth 2 billion

This post was edited on 6/5/14 at 9:18 am

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Posted by SDVTiger

Cabo San Lucas

Member since Nov 2011

75087 posts

Posted on 6/5/14 at 9:22 am to boosiebadazz

quote:
With all of the above said, it is hard to make financial logic of a $2 billion sale price for the Clippers

From your article.
1.5, 1.6, 1.8 are not 2bill

You take 2bill and run

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Posted by SDVTiger

Cabo San Lucas

Member since Nov 2011

75087 posts

Posted on 6/5/14 at 9:23 am to boosiebadazz

(no message)

This post was edited on 6/5/14 at 9:26 am

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Posted by boosiebadazz

Member since Feb 2008

80548 posts

Posted on 6/5/14 at 9:39 am to SDVTiger

The winning bid was $1.8B, but I wasn't going to harp on the details.

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Posted by studentforlife

Member since Jun 2013

81 posts

Posted on 6/5/14 at 10:02 am to GeeOH

quote:
tell us how Sterling lost.

I'll take a shot. Sterling is 80 and had more money than he could possibly spend before he died. He spent at least 50 nights a year going to basketball games of a team he owned, and by all accounts really enjoyed the attention that gave him (before the tape came out). Now he can't do that anymore. I think he lost.

How many hobbies do you think this 80 yr old guy has that he really enjoys?

Do you honestly think an extra $2 billion in his bank account will result in ANY changes in the day to day life of an 80 yr old who already had access to $1 billion?

What do you expect him to do with his newfound riches that he could not have done before?

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Posted by boosiebadazz

Member since Feb 2008

80548 posts

Posted on 6/10/14 at 9:59 pm to studentforlife

Biggity bump for my boy SavageOrangeJug to address these new developments, especially these comments by Sterling's attorney:

quote:
In public comments last week, both Donald Sterling and his attorneys indicated that he would consent to the record-breaking sale. However he has abruptly changed course this week.

"Two things happened," Sterling's longtime attorney Max Blecher told ESPN. "She decided to go for the mental incompetency to get rid of him. I think that ticked him off. And the frosting on the cupcake was [NBA commissioner Adam] Silver saying he was never going to repudiate the ban or the fines. I think Sterling looking at this like, 'There's no dignity for me. I might as well fight.'

"If the league had reached out to him and said, 'Let's work something out, we can restore your dignity.' I think it's possible he would have changed his mind. But they didn't ... so he decided it wasn't worth doing the sale. He doesn't need the money. He wanted to fight for his dignity."

LINK

I thought Sterling was simply a businessman all about the almighty dollar. I mean, he did make a $1.988 billion profit, right?

[I apologize to everyone else for the bump. This story has fascinated me for some reason.]

This post was edited on 6/10/14 at 10:11 pm

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Posted by SDVTiger

Cabo San Lucas

Member since Nov 2011

75087 posts

Posted on 6/10/14 at 10:08 pm to boosiebadazz