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Why Steve Ballmer Overpaid for the L.A. Clippers: It's Not About Money Any more
Motley Fool ^ | 05/31/2014 | Daniel Kline

Posted on 05/31/2014 10:52:18 AM PDT by SeekAndFind

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1 posted on 05/31/2014 10:52:18 AM PDT by SeekAndFind
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To: SeekAndFind

Move it to Seattle?


2 posted on 05/31/2014 10:54:15 AM PDT by SkyDancer (If you don't read the newspapers you are uninformed. If you do read newspapers you are misinformed)
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To: SeekAndFind

The reason of course is that Ballmer is a racist White bastard who would pay any amount to keep the team from falling into Black ownership! Well that’s what I heard from Al and Jesse.


3 posted on 05/31/2014 10:55:48 AM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: SkyDancer

I doubt that he will move the team to Seattle as the opportunity to recover his two billion dollar expenditure would not exist as it might in LA.


4 posted on 05/31/2014 10:58:14 AM PDT by Oliviaforever
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To: SeekAndFind

5 posted on 05/31/2014 10:58:18 AM PDT by null and void (Fascists never think they're fascists. They just think everybody should obey them.)
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To: SeekAndFind
But it's clear that purchasing the Clippers is not a business decision, it's an emotional one

We've left free market economics behind. Now it's about power and emotion, just as it was in the age of the Monarchs. Some people don't have to "make money" and they turn their nose up at "profit". They simply "have" money and privilege. They are at the top, and their children will be at the top. It's just the way it's meant to be.

Now, back to the fields you serfs! There is work to be done! Your masters are hungry.

6 posted on 05/31/2014 11:01:50 AM PDT by ClearCase_guy (Fegelein! Fegelein! Fegelein!)
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To: null and void; dagnabbit
Dagnabbit!


7 posted on 05/31/2014 11:05:19 AM PDT by null and void (Fascists never think they're fascists. They just think everybody should obey them.)
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To: SeekAndFind

Sterling laughing all the way to the bank. And his opposition to the sale? Just laying groundwork for (a) proving it was a forced sale because of the ginormous tax ramifications (probably about $300 or so million worth) and (b) his lawyers to sue the crud out of everyone.

These idiots have been played by the Sterlings. It’s so obvious - except to agenda driven leftist idiots...


8 posted on 05/31/2014 11:07:46 AM PDT by piytar (The predator-class is furious that their prey are shooting back.)
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To: SeekAndFind

He has long wanted a basketball team and this was his chance to get one, pure and simple. So he overpaid, good on him. It’s his hobby and his money and if this was what he wanted, more power to him. Why try to create a conspiracy where there is not one? Think of classic cars, people overpay for them all the time because it’s about the emotion and not the price. M2C.


9 posted on 05/31/2014 11:08:25 AM PDT by IllumiNaughtyByNature ($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
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To: SeekAndFind

“Ballmer, who is worth an estimated $20 billion, certainly can afford to buy any toy he wants.”

Hello liberals! Rich guy playing again, where’s the complaining?


10 posted on 05/31/2014 11:10:49 AM PDT by jughandle
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To: SkyDancer

and put all team employees on minimum wage


11 posted on 05/31/2014 11:19:51 AM PDT by molson209 (Blank)
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To: SeekAndFind

I thought the NY Yankees were the most valuable sports franchise in the country at 1.9 billion. Seems like he paid way to much.


12 posted on 05/31/2014 11:21:18 AM PDT by castlegreyskull
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To: SeekAndFind

New car, caviar, four star daydream,
Think I’ll buy me a basketball team.


13 posted on 05/31/2014 11:22:20 AM PDT by dfwgator
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To: ClearCase_guy
It's the Morelocks vs the Eloi. We have to keep reminding ourselves that it didn't end well for the Morelocks.

As far as the price of the Clippers? I stated this on a previous thread: it's not unusual for a guy with a mid-life crisis to spend 10% (or more) of his life savings to get his favorite toy.

And meanwhile, the Sterlings can have some lawsuit fun with the NBA and others involved, if they want. And the owners won't have to worry about the repurcussions of a vote and a fear of someone going after their teams for the crime of being imperfect.

14 posted on 05/31/2014 11:23:11 AM PDT by grania
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To: molson209

Or bring in some H-1B’s.


15 posted on 05/31/2014 11:23:28 AM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
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To: Oliviaforever

He’d better make a real big splash, because even though the Lakers are down, they are still LA’s team.

That’s why I expect Ballmer to go hard after LeBron James in the off season.


16 posted on 05/31/2014 11:24:02 AM PDT by dfwgator
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To: SeekAndFind
He is a Boston Celtics fan.

I remember when the Celtics went public.

Turned out to be an accounting nightmare as many of the fans that bought shares, especially a single share, framed, rather than cashed, the dividend checks.

Obviously that implies that the same fans took possession of the stock certificates...which were probably also framed.

The whole idea of paying that much is ludicrous. The fans are the ones that are going to suffer from inflated ticket and concession prices.

17 posted on 05/31/2014 11:25:48 AM PDT by Calvin Locke
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To: null and void

18 posted on 05/31/2014 11:27:43 AM PDT by OwenKellogg (Fundamental transformation leads to ... you don't want to go there, buddy.)
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To: Oliviaforever

For some reason, Seattle is not a basketball city.


19 posted on 05/31/2014 11:27:51 AM PDT by SkyDancer (If you don't read the newspapers you are uninformed. If you do read newspapers you are misinformed)
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To: dfwgator

“Yeah!”

“Why does anyone do anything?”

“I don’t know, I was really drunk at the time!”


20 posted on 05/31/2014 11:29:56 AM PDT by Zeneta (Thoughts in time and out of season.)
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