Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-83 next last
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)
[ Post Reply | Private Reply | To 2 | View Replies]

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
[ Post Reply | Private Reply | To 34 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 12 | View Replies]

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)
[ Post Reply | Private Reply | To 13 | View Replies]

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)
[ Post Reply | Private Reply | To 44 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 4 | View Replies]

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
[ Post Reply | Private Reply | To 48 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Attention Surplus Disorder
RE: That’s insane, isn’t it...?

There's a thin line between Genius wealth and insanity.
52 posted on 05/29/2014 6:03:24 PM PDT by SeekAndFind
[ Post Reply | Private Reply | To 47 | View Replies]

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)
[ Post Reply | Private Reply | To 7 | View Replies]

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.

54 posted on 05/29/2014 6:08:26 PM PDT by Labyrinthos
[ Post Reply | Private Reply | To 15 | View Replies]

To: Veggie Todd

Won’t happen.


55 posted on 05/29/2014 6:10:40 PM PDT by SoCal Pubbie
[ Post Reply | Private Reply | To 53 | View Replies]

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...)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 56 | View Replies]

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)
[ Post Reply | Private Reply | To 4 | View Replies]

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
[ Post Reply | Private Reply | To 57 | View Replies]

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.....)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-83 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson