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Filthy Billionaire Steve Ballmer to buy Clippers for.....$$$TWO BILLION???

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Posted: #26
Quote Originally Posted by CASTORTROY:


Has nothing to do with worth or value. It's all relevant to his bankroll and how he wants to spend his fortune. If you had $100,000 in the bank would you pay $10,000 to play golf with Tiger Woods? He wanted the team, didn't want a bidding war and wanted a quick transaction. Just money in an account. He's a WOLF, we are sheep. 

This summaries everything. The guy had the money and he wanted to be known as the "Owner of LA Clippers".

Not "co-owner" not "principal owner". He wants 100% ownership on the team.

The guy still will have $18 billion and who's to say his fortune won't increase?

It all depends on Microsoft stock.

 
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Posted: #27
Quote Originally Posted by AchillesTG:

No way the Clippers franchise is worth as much as the Dallas Cowboys!  Why would he overpay by a billion dollars?

First of all, Dallas Sucks!! But you are still missing the point. Why do people overpay for art? It's not worth the 150 million they pay for Picasso's? It has always been and will always remain supply and demand!! He will never paint another picture!! There are a set "supply" everybody wants to own one. There are a limited number of sports franchises to own. Everybody wants in, so what does a guy with all the money in the world do? He over bids and gets what he wants. A offer no one would refuse!! He won't make money on the purchase but will more then cover his tax burden with "losses" in the long run it will be a wash, but he gets to be the hero that got rid of the devil and saved the franchise--  IT'S PRICELESS!!
 
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Posted: #28
Quote Originally Posted by VGPOP:

As a business transaction, this was an absolute no brainer. Even though his reputation is absolute ruined, but this guy should THANK Viviano for this.

He is the one coming out as a winner.

$12.5 million purchase and selling it for $2 billion 33 years later.

Even with adjuster for inflation, it's an astronomical number.



Actually, it is the opposite.

Do you really think Sterling would prefer $2 billion or being owner of the Clippers?

If you think the former, you should get acquainted with more people of affluence.

 
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Posted: #29

Quote Originally Posted by hustle_man:



Actually, it is the opposite.

Do you really think Sterling would prefer $2 billion or being owner of the Clippers?

If you think the former, you should get acquainted with more people of affluence.

Just like Joe Paterno and the child molesting thing, Clippers get sold, Sterling's going to die in a few months from now and his life's "legacy" will be that he was a huge racist. This whole thing has backfired on him, I'm sure if he had to choose between even 50 billion, or remaining the Clippers owner, he'd still want to be the owner.

 
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Posted: #30
Quote Originally Posted by jimmybeam:

Just like Joe Paterno and the child molesting thing, Clippers get sold, Sterling's going to die in a few months from now and his life's "legacy" will be that he was a huge racist. This whole thing has backfired on him, I'm sure if he had to choose between even 50 billion, or remaining the Clippers owner, he'd still want to be the owner.



Do you think those people really care about "legacy" ?
If they did care they won't act like they do!

 
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Posted: #31
Quote Originally Posted by tete:



Do you think those people really care about "legacy" ?
If they did care they won't act like they do!


As jimmybeam pointed out, yes they do. They don't think they are going to get caught. And like paterno, sterling is too old and feeble to do anything to change the perception. His name and his children and grandchildren will always be associated with being a racist. The name is ruined.
 
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Posted: #32

Quote Originally Posted by hustle_man:



Actually, it is the opposite.

Do you really think Sterling would prefer $2 billion or being owner of the Clippers?

If you think the former, you should get acquainted with more people of affluence.

 

This has nothing to do of him wanting to continue to own Clippers instead of selling it. But imagine a scenario where he wanted to sell Clippers, without this scandal, he would’ve gotten what? $550-$575 million for the team?

 

And he gets $2 billion from an illegally recorded conversation at his home!.

 

Imagine that…He is the winner here.

 

 
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Posted: #33
What will the Clippers be worth in 20 years? This is a long term investment and a chance to be a owner now
 
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Posted: #34
Quote Originally Posted by HugeLetDown:

Even billionaires make bad investments. .... terrible investment but I guess it's like me losing 2k on a single bet...lol.
  Exactly right!  This guy just wanted to own a pro sports team.  Looks like a terrible investment, but when you have 18 billion still in bank............
 
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Posted: #35

Quote Originally Posted by Beningo88:

What will the Clippers be worth in 20 years? This is a long term investment and a chance to be a owner now

You're absolutely right. and Seattle has a pretty rabid fan base - just watch a Seahawks game

and anyone who thinks Ballmer isn't moving this team to Seattle first chance he gets needs to have their head examined...

 
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Posted: #36
Quote Originally Posted by CASTORTROY:


Has nothing to do with worth or value. It's all relevant to his bankroll and how he wants to spend his fortune. If you had $100,000 in the bank would you pay $10,000 to play golf with Tiger Woods? He wanted the team, didn't want a bidding war and wanted a quick transaction. Just money in an account. He's a WOLF, we are sheep. 

Market Value is defined as what a willing buyer is prepared to buy an investment at arm's length so right now the Clippers are worth more than the Lakers. 
 
 
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Posted: #37
Wow if a joke franchise is worth 2 billion, imagine how much a good franchise could get.  
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