Damn!!
Posted on 05/29/2014 5:12:11 PM PDT by SeekAndFind
But....”the Clippers” is a business, which can be evaluated, not just on a “what the last NBA team sold for” basis but as a generic widget business, albeit, certainly with a lot more flash than a moving & storage company, for example.
I have no more idea than the man in the moon whether the prior estimate of $5xx million was valid or if $2 bn is valid, but my wonderment is why and how such a discrepancy could exist.
Right now today, there is reasonable agreement that a share of AAPL is $635. EVEN IF you wanted to and could buy the company, these things typically occur at a 20-30% premium. OK, a 50% premium. OK, a 75% premium.
Where does this 350% premium discrepancy come from?
No NFL owner wants a franchise in Los Angeles. It’s their favorite boogeyman to threaten the locals as their planned destination when they want to extort a new playground out of the taxpayers.
That would apply if government forced the sale. Not sure in this case.
Amen.
.......and if his company utilizes a 12% IRR (Internal Rate of Return) then he has to make (net) 250 million on his 2 billion investment just to break even.
Somehow I kinda doubt this investment for a roundball team in a declining city/state like LA/California.
But, oh well, he’s a bright guy. I’m sure he knows what he is doing.
You live in a two million dollar neighborhood?
Are you a woman?
Are you single?
Could you you cover my airline ticket (first class would be nice!) to come visit for a few days?
lol..
p.s. we had a realtor some years ago who had the prospective buyer offer five percent more than the listed price (on a MUCH less costly house than you are talking about) just to help him nail down the purchase, or so she said....
Crazy like a fox
Interesting.
That makes this whole story seem even more suspicious.
Leave it to a liberal Democrat contributor to find a way to bypass paying taxes.
He says he will not bring it to Seattle. Although it seems like it would view it as an opportunity to build another stadium and clutter up the town with more unvoter approved stadiums.
Or more condemnation of land in our Denny Regrade like his former Microsoft owner Paul Allen did.
you are right...at least I don’t have to pay the overdraft charge on the big check lol
RE: Somehow I kinda doubt this investment for a roundball team in a declining city/state like LA/California.
I think he plans to move the team back to his home city of Seattle and call them the Supersonics once again.
so...”racism”... pays???
He way overpaid if that is true and he’ll be stuck hiring more than his share of tokens just to prove he’s not Donald Sterling. LA will always be Laker country.
Just Damn! I could have bought them for 20 million about 15 years ago. If only I would have had a crystal ball. /s
Yes, and he'll rename the team to be the "MICROSOFT CLIPPYS"!
Hey Slings, does this thread strike you (as it does me) as oddball enough to warrant a non-ping?
It certainly did in this case
They were anxious to get rid of him they paid over the top
He who laffs last, laffs best
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