No way the Clippers are worth that much.
They have no national following, and people in LA only care about them because the Lakers suck right now.
“No way the Clippers are worth that much.”
I really question if ANY sports team is worth that much. It is purely an entertainment enterprise that only succeeds while people have the money to pay for it.
And we may be less than a few years away from people having money for anything but necessities. If I had 1.8 billion, it would probably be in gold or the ground. Likely a combination of both.
I’d imagine that Ballmer would move the team to Seattle if he won the bid.
The Clippers are appreciating asset. Billionaires accrue assets, cash flow notwithstanding. It may take a few years, but eventually the Clippers will be worth every penny paid and then some. In the meantime, the owner takes whatever tax advantages they can.