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Donald Sterling’s LA Clippers sold for $2 billion to former Microsoft CEO Steve Ballmer: Report
New York Daily News ^
| 05/29/2014
Posted on 05/29/2014 5:12:11 PM PDT by SeekAndFind
That’s $2 billion with an uppercase B!
Former Microsoft CEO Steve Ballmer has apparently won the bidding war Thursday for the Los Angeles Clippers with a staggering $2 billion offer for the NBA franchise, according to the L.A. Times.
The frenzied battle to get the team from Sterling drove the franchise’s price sky high for a team that Forbes estimated was worth at $575 million in January of 2014.
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: ballmer; billionaires; clippers; donaldsterling; msn; nba; steveballmer
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To: Don Corleone
Big time.
And those who tend to watch basketball, probably more than the rest of the population, will be shelling out over their indignation about their racial pride and skin colour.
41
posted on
05/29/2014 5:45:11 PM PDT
by
Jonty30
(What Islam and secularism have in common is that they are both death cults)
To: Fightin Whitey
A real estate agent knocked on my door this morning and said the house 3 doors down just sold for $2,000,001. I looked at her and said and one dollar? She said bidders sometimes add the dollar just in case someone matches the 2 mill. The house sold over asking price and obviously had a bit of a bidding war.
42
posted on
05/29/2014 5:46:52 PM PDT
by
xp38
To: SeekAndFind
It was estimated that the Clippers were worth around $800 million. Consider the fact Sterling bought the Clippers for $12 million.
43
posted on
05/29/2014 5:51:45 PM PDT
by
Hotlanta Mike
("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
To: Starstruck
12 other NBA owners just tweeted the N-word. LOL
I had a similar thought but yours is funnier.
44
posted on
05/29/2014 5:52:26 PM PDT
by
Veto!
(OpInions freely dispensed as advice)
To: demshateGod
Yeah sure. This whole event was set up by the NBA mafiosi. Certain to be a game plan to get an NFL team back to Los Angeles.
45
posted on
05/29/2014 5:53:20 PM PDT
by
Hotlanta Mike
("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
To: Veto!
He should held out for a copy of Windows 7
46
posted on
05/29/2014 5:54:22 PM PDT
by
GeronL
(Vote for Conservatives not for Republicans)
To: SeekAndFind
$2 billion against an estimate of $5xx million....?
That’s insane, isn’t it...?
47
posted on
05/29/2014 5:55:02 PM PDT
by
Attention Surplus Disorder
(At no time was the Obama administration aware of what the Obama administration was doing)
To: SeekAndFind
He can buy a better girlfriend with that kind of money.
48
posted on
05/29/2014 5:59:17 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: mgstarr
I have a hard time believing Sterling isn’t going to fight the forced sale regardless of the profit. If he's really getting $2 billion, he's the winner.
49
posted on
05/29/2014 6:01:47 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Moonman62
But wait a sec....isn’t the wife in control now? How much is she getting of this deal?
50
posted on
05/29/2014 6:02:02 PM PDT
by
xp38
To: SeekAndFind
How’s the Bimbo doing? I’ll bet she’s hooked her last rich guy...
51
posted on
05/29/2014 6:02:18 PM PDT
by
GOPJ
(>The Mainstream Ministry of Information does not stand for liberty. Freeper Gene Eric)
To: Attention Surplus Disorder
RE: That’s insane, isn’t it...?
There's a thin line between Genius wealth and insanity.
To: liege
Will he move the team to Seattle?
Oh, that would be priceless!
53
posted on
05/29/2014 6:07:54 PM PDT
by
Veggie Todd
(The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
To: SoFloFreeper
Crap. I was hoping Sterling would drag the National Thug League through a couple of decades’ worth of court hearings and trials.Seems to me that he is laughing his 80 year old a$$ all the way to the bank.
To: Veggie Todd
To: SeekAndFind
Jeez just yesterday I heard he is going to fight the sale. I guess $2 billion will give up the fight
56
posted on
05/29/2014 6:16:24 PM PDT
by
ExCTCitizen
(I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
To: ExCTCitizen
The IRS will be the big winner, right?
I think his tax basis is $12m
57
posted on
05/29/2014 6:20:05 PM PDT
by
nascarnation
(Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
To: mgstarr
I’m guessing he’ll go after them for that 300 million bucks in extra tax liability they created for him.
58
posted on
05/29/2014 6:22:36 PM PDT
by
ArmstedFragg
(Hoaxey Dopey Changey)
To: nascarnation
The IRS will be the big winner, right? I think his tax basis is $12m
I read somewhere that since it is a forced sale, it is not subject to capital gains taxation.
59
posted on
05/29/2014 6:25:02 PM PDT
by
SC DOC
To: SeekAndFind
So the NBA and the race baiters get a scalp, and the scalpee gets $2 billion. I think I see the winner....
60
posted on
05/29/2014 6:26:31 PM PDT
by
clintonh8r
(I wish no harm on Gen. Shinseki, but perhaps he should consider seppuku.....)
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