.......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.
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.