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25%  
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Keyword: basketballmer

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  • Steve Ballmer Explains Why He Paid $2 Billion For An NBA Team

    08/19/2014 9:42:47 AM PDT · by SeekAndFind · 35 replies
    Business Insider ^ | 08/19/2014 | Cork Gaines
    Steve Ballmer is fired up about owning the Clippers. When Steve Ballmer agreed to purchase the Los Angeles Clippers for a reported $2 billion, many felt he was overpaying for the franchise simply because the team was a toy he wanted and he was willing to pay whatever it took to make that happen.When comparing the sale price to the team's revenues and EBITDA (earnings before interest, taxes, depreciation, and amortization), it does appear that Ballmer's bid was completely out of whack with what others have paid for NBA teams in recent years.Ballmer addressed this issue on "The Dan...