Can I ask a stupid question? If the estimated value of the team was about $550 million, how can someone come along and pay an incredible $2 billion, to overpay by that much? Was there behind the scenes shenanigans to set up this deal? Was the goal to make Sterling an offer he couldn’t refuse, to make this whole Sterling controversy disappear???
And, considering that Ballmer had been active in trying to bring NBA basketball to Seattle, is there any chance the team will move to Seattle??
The headline says there was “bidding”
His was the winning bid I guess
Just a ridiculous price to pay for, up until now, the most losingest team in professional sports.
“considering that Ballmer had been active in trying to bring NBA basketball to Seattle, is there any chance the team will move to Seattle?”
Ballmer probably has developers working on that right now.
http://www.youtube.com/watch?v=8To-6VIJZRE
There was a radio report today (local espn-la) that the $2B offer was contingent on moving the team to Seattle.This of couse complcates an already complex deal. Or reported deal.