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Steve Ballmer to buy Los Angeles Clippers for NBA-record $2 billion
Posted on 5/29/14 at 7:16 pm
Posted on 5/29/14 at 7:16 pm
Donald Sterling is reportedly laughing his arse off all the way to the bank.
Several other NBA owners have been reported taping racist statements for public release.
Report: Former Microsoft CEO Steve Ballmer to buy Los Angeles Clippers for NBA-record $2 billion
Several other NBA owners have been reported taping racist statements for public release.
quote:
Former Microsoft CEO Steve Ballmer has reportedly won the bidding to buy the Los Angeles Clippers, submitting an NBA-record-setting offer of $2 billion to purchase the team from owners Donald and Shelly Sterling, according to James Rainey of the Los Angeles Times:
Ballmer, who was chief executive of Microsoft for 14 years, was chosen over competitors that included Los Angeles-based investors Tony Ressler and Steve Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers.
A person with knowledge of the negotiations said the Geffen group bid $1.6 billion and Ressler bid $1.2 billion.
The sale price is almost four times the highest previous NBA franchise sale price — the $550 million paid earlier this month for the Milwaukee Bucks. It is second only to the Dodgers 2012 sale for $2.1 billion as the highest price for any sports team in North America.
Report: Former Microsoft CEO Steve Ballmer to buy Los Angeles Clippers for NBA-record $2 billion
13
Posted on 5/29/14 at 7:18 pm to SavageOrangeJug
again? that's 4 billion now
ETA: nvmd - different board.
Was hoping he wouldn't sell out just to see if the players would actually walk
ETA: nvmd - different board.
Was hoping he wouldn't sell out just to see if the players would actually walk
This post was edited on 5/29/14 at 7:20 pm
Posted on 5/29/14 at 7:19 pm to SavageOrangeJug
No one is buying the clippers for the price of the Knicks and Lakers combined.
Posted on 5/29/14 at 7:19 pm to SavageOrangeJug
quote:
Several other NBA owners have been reported taping racist statements for public release.
Rex is ahead of the game, who knew.....
Posted on 5/29/14 at 7:22 pm to SavageOrangeJug
I posted the same news on the other thread at the exact same time.
Posted on 5/29/14 at 7:22 pm to theunknownknight
quote:
Was hoping he wouldn't sell out just to see if the players would actually walk
I was too. I wanted to see if Lebron James would give up millions since he ran his big mouth.
Donald Sterling comes out the big winner if this actually happens.
Posted on 5/29/14 at 7:24 pm to theunknownknight
quote:because you're an a-hole?
Was hoping he wouldn't sell out just to see if the players would actually walk
Posted on 5/29/14 at 7:26 pm to SavageOrangeJug
quote:
Several other NBA owners have been reported taping racist statements for public release.
Posted on 5/29/14 at 7:29 pm to SavageOrangeJug
Isn't he the guy that tried to buy the Kings and move them to Seattle?
Posted on 5/29/14 at 7:29 pm to Tigah in the ATL
quote:
because you're an a-hole?
No, because the players that said they were going to walk are assholes.
AAWWW! Has 'The Man' been oppressing those poor, pitiful, pampered multi-millionaires?
Posted on 5/29/14 at 7:30 pm to TigerintheNO
That's a lot to own a modern day plantation
Posted on 5/29/14 at 7:52 pm to jamboybarry
Every time I see that, I realize that I forgot how ridiculous she is.
Posted on 5/29/14 at 7:59 pm to SavageOrangeJug
quote:
Donald Sterling comes out the big winner if this actually happens.
I guarantee he'd rather still own the team and go to games.
Posted on 5/29/14 at 8:03 pm to jamboybarry
why does she have tampons for earrings
Posted on 5/29/14 at 8:09 pm to Tiguar
Something about white privilege, or women's choice or some other shenanigans
Posted on 5/29/14 at 8:09 pm to Tiguar
quote:
why does she have tampons for earrings
Its a warning for every ear out there
Posted on 5/29/14 at 8:13 pm to Roger Klarvin
quote:He will have $2 billion dollars. Sterling didn't become a billionaire by letting sentiment get in the way.
I guarantee he'd rather still own the team and go to games.
He would have sold the team without this flap for a $2 billion.
Posted on 5/29/14 at 8:14 pm to Roger Klarvin
He's already a billionaire and 80 yrs old, he'd definitely prefer to remain the owner.
From the information I've read balmier is looking at a 15 - 20+ yr pay out. Unless there is some tremendous upside that's not a good deal on the buy side. But like sterling balmer is a billionaire and I don't think it's about investment; it's about buying something you just want because it's fun and you can afford it.
From the information I've read balmier is looking at a 15 - 20+ yr pay out. Unless there is some tremendous upside that's not a good deal on the buy side. But like sterling balmer is a billionaire and I don't think it's about investment; it's about buying something you just want because it's fun and you can afford it.
Posted on 5/29/14 at 8:14 pm to CamdenTiger
I hope he moves the team to Seattle. This could be good for all. Seattle gets a team and Los Angeles becomes a one basketball team town which makes sense.
Posted on 5/29/14 at 8:22 pm to cwill
quote:
But like sterling balmer is a billionaire and I don't think it's about investment; it's about buying something you just want because it's fun and you can afford it.
Thats exactly whats going on.
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