Posted on 05/30/2014 9:30:15 AM PDT by Ernest_at_the_Beach
The sale of the Clippers continued on its bizarre journey late Thursday night when representatives of co-owner Shelly Sterling sent out a media release that the Sterling family trust has agreed to sell the team to former Microsoft Chief Executive Steve Ballmer for $2 billion.
(Excerpt) Read more at latimes.com ...
Big money is in English soccer. A league that has a global audience.
I’ve often wondered why the Clippers didn’t move to Anaheim/Orange County years ago. They’ll always be second billing in LA.
I think he had to agree NOT to move them, agreement with the NBA.
“He bought the team for 12.5 million, and now he will get 2 BILLION. Take THAT STERLING!”
Sterling is a bigger imbecile than Stern. Truly an intellectual lightweight. They may be racists but they’ll be rich billionaire racists LOL
White privilege!
And now for a female view: I should look so good at 80.
Shelley is nobody’s fool. And their lawyers are smart too.
Don’t forget the tv contract with Fox sports going be up in 2016 that going big money maker aka Lakers and LA Dodgers
You talking about Ballmer?
And according to Forbes the Clippers were worth half that. It is insane, but at the end of the day the value of a team is what someone is willing to pay for it. And right now the rest of the NBA owners would bestow sainthood on Sterling's wife if they could, because the ridiculous price she got just upped the value of their franchises by tens of millions, if not hundreds of millions, of dollars.
Ill say it because everyone is thinking it. This was a scam. He isn’t David Duke, he’s Bernie Madoff. Very clever.
I heard from an unknown source that he wants to move the team to Seattle and change their name to Windows 8.
I hope you folks all realize that BOTH Sterlings will probably die soon - from laughing so hard...
...kinda like I am right now.
This may go down as one of the greatest hustles in American History.
Oh and BTW, how much of that $2B will the wiretapping slut get? And what about that $2.5M fine?
Think about it.
Guess now Sterling can afford a good looking girlfriend.
Better Balmer than Oprah the racist or Johnson, the sex addict with AIDS.
what a profit margin
You go, Ern. An attractive woman with a billion bucks is a good choice for you, and I fully support your efforts. Wedding invitation?
I think that sames Forbes article put the value on the Clips at $800,000.
So, 2 Billion Dollars? It makes no sense at all.
apparently the NBA doesn’t allow blacks into the owners circle
> According to Forbes, the Lakers are worth 1.3 Billion.
It makes no sense.
If it bankrupts another I’ll still be happy though...
ESPN radio is saying they only sold the team-—NOT the rights for TV, souvenirs, etc.
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