Steve Ballmer agrees to buy the LA Clippers for $2 billion

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Former Microsoft MSFT +0.04% CEO Steve Ballmer has offered $1.8 billion for the Los Angeles Clippers, according to a person familiar with Ballmer’s interest in the NBA team. Ballmer, who retired as Microsoft’s CEO four months ago, has a net worth of $20 billion. Another source, with intimate knowledge of the bids that Rochelle Sterling has thus far received for the basketball team, said offers have come in between $1 billion and $2 billion and that the Ballmer package is strong.

It is still early in the bidding process for the Clippers and it is quite possible that the price could go higher, especially if interested parties join forces to buy the team. Still, I must tip my hat to Bill Simmons, who predicted at the end of April that the basketball team would fetch $1.75 billion. Donald Sterling bought the Clippers in June, 1981 for $12.5 million. NBA owners are voting June 3 to force he and his wife Rochelle to sell the team due to racist comments made by him in private that were taped and subsequently made public.
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Steve Ballmer Said To Offer $1.8 Billion For Los Angeles Clippers - Forbes

And this is for a team without their own arena. :whoo:




Edit: Ballmer wins with 2 billion
 
Last edited:
Carlos Huerta

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:wtf:

"Forbes announces its annual valuations of the National Basketball Association’s 30 teams, naming the New York Knicks as the most valuable teamTISI -0.23%worth $1.4 billion. Following a three-year renovation of its stadium Madison Square Garden, the Knicks increased 27% in value making the team No. 1 on the list for the second consecutive year. The Los Angeles Lakers, valued at $1.35 billion (No. 2) and the Chicago Bulls valued at $1.0 billion (No. 3) are the only other two NBA teams with a current value of at least $1 billion."

http://www.forbes.com/sites/forbespr/2014/01/22/forbes-releases-16th-annual-nba-team-valuations/
 
MoneyTron

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Carlos Huerta said:
:wtf:

"Forbes announces its annual valuations of the National Basketball Association’s 30 teams, naming the New York Knicks as the most valuable teamTISI -0.23%worth $1.4 billion. Following a three-year renovation of its stadium Madison Square Garden, the Knicks increased 27% in value making the team No. 1 on the list for the second consecutive year. The Los Angeles Lakers, valued at $1.35 billion (No. 2) and the Chicago Bulls valued at $1.0 billion (No. 3) are the only other two NBA teams with a current value of at least $1 billion."

Forbes Releases 16th Annual NBA Team Valuations - Forbes
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You can run all the valuations you want, the seller sets the bid floor.
 
Cory MBA

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Carlos Huerta said:
:wtf:

"Forbes announces its annual valuations of the National Basketball Association’s 30 teams, naming the New York Knicks as the most valuable teamTISI -0.23%worth $1.4 billion. Following a three-year renovation of its stadium Madison Square Garden, the Knicks increased 27% in value making the team No. 1 on the list for the second consecutive year. The Los Angeles Lakers, valued at $1.35 billion (No. 2) and the Chicago Bulls valued at $1.0 billion (No. 3) are the only other two NBA teams with a current value of at least $1 billion."

http://www.forbes.com/sites/forbespr/2014/01/22/forbes-releases-16th-annual-nba-team-valuations/
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Hypothetical valuation breh....probably didn't factor in the 'intangibles'.

:sas2:
 
MikelArteta

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Big difference what you are worth and what someone will pay.


TV deals for sports are so massive nowadays as its the only thing people won't DVR so as a owner you will always print Money


Can you believe Michael Jordan for the bobcats for 25 mill cash?

:mjlol:


Carlos Huerta said:
:wtf:

"Forbes announces its annual valuations of the National Basketball Association’s 30 teams, naming the New York Knicks as the most valuable teamTISI -0.23%worth $1.4 billion. Following a three-year renovation of its stadium Madison Square Garden, the Knicks increased 27% in value making the team No. 1 on the list for the second consecutive year. The Los Angeles Lakers, valued at $1.35 billion (No. 2) and the Chicago Bulls valued at $1.0 billion (No. 3) are the only other two NBA teams with a current value of at least $1 billion."

http://www.forbes.com/sites/forbespr/2014/01/22/forbes-releases-16th-annual-nba-team-valuations/
Click to expand...
 
Cory MBA

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Carlos Huerta said:
Of course - just very surprised the bidding would be anywhere near 1.8B. These valuations would normally factor both tangible and intangible assets :manny:
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Goodwill is hard to calculate. You never know until the bidding starts.

This sale will set precedent for future big market owners interested in cashing out though.
 
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