Steve Ballmer to buy Clippers for 2 Billion dollars - Page 2
Old 05-30-2014, 12:06 PM   #21 (permalink)
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Finally an owner I actually know of... Saw a lengthy interview with this guy on Dutch television a few years ago and I was really impressed. Seemed like a great, down to earth guy who, despite being the big boss of Microsoft, really took time for his family and didn't come off as a money grabber at all... Very passionate about his job and, despite Microsoft already being Apple's bitch at the time, extremely positive minded.

So at first glance I have no problems with this purchase. 2b is a good investment if you can get the shittiest franchise in the league for 550m. But I doubt he cares. I think he'll be a decent owner but won't get involved with the team very much. The fact that he's from Seattle is a bit worrisome.
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Old 05-30-2014, 12:49 PM   #22 (permalink)
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you really think this purchase was based on a "business" decision ?...this man is worth 20 Billion bones..i repeat...20 Billion

last thing he's thinking of is a return on his investment
it's a toy..plain and simple
Stop being a donkey. No I don't "think so" or that it was a business decision, I think it should be in some way close to reality instead of flushing a billion dollars too much to a family of racist fuck knobs.

And he lives in Seattle. Could he not have actually bought a team he might be able to move? Any other NBA team and saved a billion dollars?

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Old 05-30-2014, 12:54 PM   #23 (permalink)
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Stop being a donkey. No I don't "think so" or that it was a business decision, I think it should be in some way close to reality instead of flushing a billion dollars too much to a family of racist fuck knobs.

And he lives in Seattle. Could he not have actually bought a team he might be able to move? Any other NBA team and saved a billion dollars?

The guy's a wack job.
i've been called gramps and a donkey today...
you youngins need to go into a corner somewhere and pull one off...might help calm you down a little
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Old 05-30-2014, 01:19 PM   #24 (permalink)
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Originally Posted by Shadowfax View Post
i've been called gramps and a donkey today...
you youngins need to go into a corner somewhere and pull one off...might help calm you down a little
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Old 05-30-2014, 01:34 PM   #25 (permalink)
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If the bucks are worth 550 mill. The warriors estimated at 800 mill then the clippers have to be worth about the same as the warriors considering they don't own the arena get a small cut of the concessions and parking which isn't that great if your looking to make money

Of course the local tv contract is driving the deal but still realistically at this point ballmer overpaid by 1.2 billion dollars

What if the nba wanted to keep Donald sterling quiet making sure he doesn't give out company secrets or inside information about other owners. Sterling been around for a long time

Best way pay him to shut up

How ballmer will get his 1.2 billion dollars back easy tv contract and who knows the true price of the deal. Other owners and the nba could've kicked in money behind closed doors in the best overall interest of the league

I don't believe for a fact where getting the full story here
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Old 05-30-2014, 07:04 PM   #26 (permalink)
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The NBA has resolved dispute over the ownership of the Los Angeles Clippers and the franchise will be sold to Steve Ballmer, pending approval by the Board of Governors.

The NBA will then withdraw its pending charge to terminate the Sterlings' ownership of the team.

Ballmer reportedly paid $2 billion to purchase the Clippers from the Sterlings.

Shelly Sterling and the Trust agreed not to sue the NBA and to indemnify the NBA against lawsuits from others, including from Donald Sterling.
NBA Sterling Family Trust Announce Settlement - RealGM Wiretap
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Old 05-30-2014, 08:02 PM   #27 (permalink)
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i've been called gramps and a donkey today...
you youngins need to go into a corner somewhere and pull one off...might help calm you down a little
I'm more on the gramps side but have also known to be a donkey. and rubbing one out doesn't tend to help how old i look or my stupidity. tried it lots.:cookie:
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Old 05-30-2014, 08:07 PM   #28 (permalink)
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I'm more on the gramps side but have also known to be a donkey. and rubbing one out doesn't tend to help how old i look or my stupidity. tried it lots.:cookie:
It's all good my friend
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Old 05-30-2014, 08:45 PM   #29 (permalink)
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Sterling diagnosed with Dementia by 2 neurologists and is removed as trustee of his fortune - NBA.com
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NBA cancels Sterling hearing, owners to vote on sale

Posted May 30, 2014 7:29 PM - Updated May 30, 2014 8:26 PM
LOS ANGELES (AP) -- The NBA has called off a hearing to oust embattled Los Angeles Clippers co-owner Donald Sterling in advance of a vote on a potentially record-breaking deal negotiated by his wife Shelly Sterling to sell the team to former Microsoft CEO Steve Ballmer for $2 billion.
Shelly Sterling negotiated the deal despite objections expressed through her estranged husband Donald Sterling's attorneys. She said in a statement late Thursday that she agreed to sell the team to Ballmer "under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers."

The NBA said in a statement Friday that the league, Shelly Sterling and The Sterling Family Trust had "resolved their dispute over the ownership of the Los Angeles Clippers."
"Under the agreement, the Clippers will be sold to Steve Ballmer, pending approval by the NBA Board of Governors, and the NBA will withdraw its pending charge to terminate the Sterlings' ownership of the team," it said.
The ownership hearing had been scheduled for next Tuesday.
Donald Sterling was stripped of his ability to act as a trustee of the family's fortunes, including the Clippers, after two neurologists determined he was suffering from dementia earlier this month, according to a person close to the Sterling family.
The individual, who is familiar with the trust and the medical evaluations but wasn't authorized to speak publicly, said Sterling was deemed "mentally incapacitated" according to the trust's conditions because he showed "an inability to conduct business affairs in a reasonable and normal manner."
Donald Sterling made voluntary visits to two prominent neurologists who conducted extensive tests, including brain scans, earlier this month, the person said. Though Donald Sterling is no longer a co-trustee of The Sterling Family Trust, he still retains his 50 percent ownership and still receives proceeds from the sale, the individual said.
"There is specific language and there are protocols about what to do, and steps in order to get a sole trustee position and that's what took place in the last couple of days," the individual said.
Sterling can try to reinstate his trusteeship by appealing to the California Probate Court.
Donald Sterling's attorneys contend, however, that as a co-owner he must also give his consent for the deal to go through. They say he won't be giving it. His attorney, Bobby Samini, said "the assertion that Donald Sterling lacks mental capacity is absurd" and that he'll fight to not sell given the NBA's conduct.
The NBA's statement said that Shelly Sterling and The Sterling Family Trust also "agreed not to sue the NBA and to indemnify the NBA against lawsuits from others, including Donald Sterling."
Ballmer said in a statement that he is honored to have his name submitted to the NBA for approval and thanked the league for working collaboratively with him throughout the process.
Shelly Sterling negotiated the sale after Donald Sterling made racist remarks that were made public. The remarks included Sterling telling girlfriend V. Stiviano not to bring blacks to Clippers games, specifically mentioning Hall of Famer Magic Johnson.
Franchise sale prices have soared since the current collective bargaining agreement was ratified in 2011. The Milwaukee Bucks were just sold to New York investment firm executives Marc Lasry and Wesley Edens for about $550 million, an NBA record.
Last year, Vivek Ranadive's group acquired a 65 percent controlling interest in the Sacramento Kings at a total franchise valuation of more than $534 million.
This is not Ballmer's first foray into potential NBA ownership. Ballmer and investor Chris Hansen headed a group that agreed to a deal to buy the Kings from the Maloof family in January 2013 with the intention of moving the team to Seattle, where the SuperSonics played until 2008.
But Sacramento Mayor Kevin Johnson lobbied the NBA for time to put together a bid to keep the team in California, and though the Ballmer-Hansen group later increased its offer, owners voted to deny the bid for relocation and the Kings were sold to Ranadive.
The former Microsoft CEO helped Bill Gates transform the company from a startup with fewer than 40 employees and $12 million in annual revenue into the world's most valuable business. The pair met in 1973 while living down the hall from each other in a Harvard dorm.
During his tenure at Microsoft, Ballmer was known for his competitive drive and wild displays of emotion and hand-waving.
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Old 05-30-2014, 11:17 PM   #30 (permalink)
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Shows what that dick that Anderson Cooper knows :cookie:
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Old 05-30-2014, 11:28 PM   #31 (permalink)
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Sterling now suing the NBA for a billion in damages. Sound like make believe damages but whatev. He's off his nut.
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Old 05-31-2014, 12:12 PM   #32 (permalink)
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Soooo... Sterling makes racist remarks in a private conversation, gets illegally recorded, outed and then punished by the league to the tune of about $1.5B premium on what he would've been offered for this team in, say, January? Did I miss anything?

The Business Of Basketball List - Forbes

Balmer had to outbid two others who were coming in at $1.2B and $1.6B respectively, so the new "fair price" didn't just materialize out of thin air. What drives these people to overvalue one of the traditionally crappiest franchises in the league is beyond my comprehension, but if racist remarks are the secret ingredient, dementia be damned - that man is a shrewd businessman.
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Old 05-31-2014, 12:57 PM   #33 (permalink)
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Soooo... Sterling makes racist remarks in a private conversation, gets illegally recorded, outed and then punished by the league to the tune of about $1.5B premium on what he would've been offered for this team in, say, January? Did I miss anything?

The Business Of Basketball List - Forbes

Balmer had to outbid two others who were coming in at $1.2B and $1.6B respectively, so the new "fair price" didn't just materialize out of thin air. What drives these people to overvalue one of the traditionally crappiest franchises in the league is beyond my comprehension, but if racist remarks are the secret ingredient, dementia be damned - that man is a shrewd businessman.
Over value? The LA Clippers are based in a huge market, in a city full of ridiculously rich people that would want to get a team that seems to be on the rise. And how would anyone know the value of a team that hasn't been for sale on any level for over 30 years. Is it over paying, sure....but by how much? Who really knows? IMO fair market value for a team in that market with that roster is likely worth 1-1.5billion...... add a bidding war the price will always be inflated. This is not that surprising. The Knicks have been a mess for over a decade, if they were up for sale and there was a bidding war, the price they'd go for would make this look like spare change.
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Old 05-31-2014, 01:09 PM   #34 (permalink)
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Over value? The LA Clippers are based in a huge market, in a city full of ridiculously rich people that would want to get a team that seems to be on the rise. And how would anyone know the value of a team that hasn't been for sale on any level for over 30 years. Is it over paying, sure....but by how much? Who really knows? IMO fair market value for a team in that market with that roster is likely worth 1-1.5billion...... add a bidding war the price will always be inflated. This is not that surprising. The Knicks have been a mess for over a decade, if they were up for sale and there was a bidding war, the price they'd go for would make this look like spare change.
You could get the leafs/raptors/TFC the ACC and all the buildings in the 4th biggest city instead of 3rd biggest for 2 billion. And as much as you hate them, there are mor eleaf fans than clippers fans and a higher ticket price (minus never making money in the playoffs of course!). The real thing here is the buildings and concessions. Not getting these make this pretty brutal in my mind. At least the dodgers own dodger stadium, the land and the parking for 2 billion. Chris Paul eventually retires so I don't think the roster should play that much into it. Some but not lots. This is why is looks overvalued.
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Old 05-31-2014, 01:27 PM   #35 (permalink)
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it will bite them in the ass eventually
Ya....when's the next CBA again? Cause she ever it is there's going to be another strike gaurenteeded
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Old 05-31-2014, 01:34 PM   #36 (permalink)
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You could get the leafs/raptors/TFC the ACC and all the buildings in the 4th biggest city instead of 3rd biggest for 2 billion. And as much as you hate them, there are mor eleaf fans than clippers fans and a higher ticket price (minus never making money in the playoffs of course!). The real thing here is the buildings and concessions. Not getting these make this pretty brutal in my mind. At least the dodgers own dodger stadium, the land and the parking for 2 billion. Chris Paul eventually retires so I don't think the roster should play that much into it. Some but not lots. This is why is looks overvalued.
The Knicks would sell higher then the Leafs/TFC/Raptors combined.
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Old 05-31-2014, 06:24 PM   #37 (permalink)
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Over value? The LA Clippers are based in a huge market, in a city full of ridiculously rich people that would want to get a team that seems to be on the rise. And how would anyone know the value of a team that hasn't been for sale on any level for over 30 years. Is it over paying, sure....but by how much? Who really knows? IMO fair market value for a team in that market with that roster is likely worth 1-1.5billion...... add a bidding war the price will always be inflated. This is not that surprising. The Knicks have been a mess for over a decade, if they were up for sale and there was a bidding war, the price they'd go for would make this look like spare change.
Have you even looked at Forbes' valuations under the link I've posted?
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Old 05-31-2014, 07:08 PM   #38 (permalink)
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Have you even looked at Forbes' valuations under the link I've posted?
Mehh, forbes is always off.
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Old 05-31-2014, 07:59 PM   #39 (permalink)
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Having multiple bids where none of the others knows what the others offered is a dream scenario, especially when your dealing with more than one party that doesn't need to worry about the true value.

There was a lot of chatter about very high bids. That couldn't have hurt either. I wouldn't be surprised if that wasn't leaked out as a means of getting the price sky high, and that they managed to get Shelley Sterling to cover all possible legal costs and possible judgements against the league if the price came in at a certain level. It really solves everything, even if shit drags on in the courts.
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Old 06-01-2014, 12:06 AM   #40 (permalink)
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The Knicks would sell higher then the Leafs/TFC/Raptors combined.
The leafs alone are worth more than the knicks on forbes. And they we just sold for a billion dollars. And they make a shit wack more money. And what do they knicks ahve to do with the clippers or MLSE?
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