Victory for Donald Sterling against the NBA League of Stooges

Discussion in 'The Bar' started by Phan Neepack, May 29, 2014.

  1. Phan Neepack

    Phan Neepack Well-Known Member

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    So much for the NBA forcibly taking the team away from him & installing one of their own lackey buttsuckers ....

    Not a bad return on investment, considering he bought them for $12.5 million





    Former Microsoft CEO Steve Ballmer to buy Clippers for $2 billion


    Former Microsoft chief executive, Caucasian Steve Ballmer, won a frenetic bidding war for ownership of the Los Angeles Clippers, with his $2-billion offer setting a record price for an NBA team, The Times has learned.

    Ballmer, who was chief executive of Microsoft for 14 years, was chosen over competitors that included Los Angeles-based investors Tony Ressler and Bruce Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers, according to three individuals familiar with the negotiations.One of the individuals with knowledge of the negotiations said the Geffen group bid $1.6 billion and Ressler at $1.2 billion.

    The sale price is almost four times the highest previous NBA franchise sale price -- the $550 million paid earlier this month for the Milwaukee Bucks. It is second only to the Dodgers' 2012 sale for $2.1 billion as the highest price for any sports team in North America.

    The tentative deal still must receive the blessing of her husband, Donald Sterling, who has waxed and waned on the question of whether he would allow his wife to sell the team he has controlled for more than three decades.

    The deal also needs the eventual approval of 29 other NBA owners, but is expected to clear that hurdle as long as Ballmer reaffirms his pledge to keep the team in Los Angeles and not move it to Seattle, where he lives.

    Ballmer, 58, left the software giant in February and has an estimated net worth of $20 billion. Unlike other bidders, he did not immediately seek out partners for the purchase of the Clippers.

    Ballmer last year joined a group, led by hedge fund manager Chris Hansen, to bid on the Sacramento Kings, intending to move the team to Seattle. NBA owners voted to reject the proposed move.

    The businessman said in a recent interview that he had no intention of moving the Clippers. He said that the high valuations for the team only made sense in Los Angeles -- the second biggest media market in the count



    [​IMG][​IMG][​IMG]

    http://www.latimes.com/sports/la-sp-sn-clippers-sale-ballmer-20140529-story.html


     
    Last edited: May 29, 2014
  2. Swedish John

    Swedish John I'm your huckleberry

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    Repeat thread. Gay.
     
  3. Daveindiego

    Daveindiego Confirmed Internet Legend Gold

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    Good lord!!!

    2 Billion dollars!!!

    Who in the name of god almighty could have possibly imagined that the Clippers could possibly be worth 2 Billion dollars? If anyone could have seen that, and stated it in public, then wow, they must be a god among men.

    :c
     
  4. Daveindiego

    Daveindiego Confirmed Internet Legend Gold

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  5. Phan Neepack

    Phan Neepack Well-Known Member

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    God bless Bill Gates and his uncanny ability to plagiarize software for making this all possible....


    F U, Magic "I Got The Aids " Johnson :jj:
     
  6. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    Once again Balmer demonstrates that fantastic business acumen that he wielded so masterfully to take Microsoft from owning > 90% of the operating systems of all the PCs in America to less than 25%, and being worth less than half of what Apple is worth.
     
  7. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    It doesn't matter if he paid a premium of over $500million from what the second highest bid was. That money will be made up in the next 20-30 years.
     
  8. Mojopin

    Mojopin Resplendent in his frock VIP

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    Who gives a shit when you're 80.
     
  9. zhukov

    zhukov Time traveler Gold

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    $2B for that piece of shit franchise? Hoist a stein for Don Sterling, master of the universe. :beer:

    [​IMG]
     
  10. AmishGirl

    AmishGirl Well-Known Member VIP

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    Money for nothin' .... :coffee:
     
  11. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    But he is the reason they were shit for 28 of the past 30yrs. With him gone, the Lakers in flux, and a majority of basketball fans being fair weather as hell, they could own LA in 3-5 yrs.
     
  12. crazypreacher

    crazypreacher Hey yo

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    The lakers and celtics are now worth 20 billion apiece. 2 bil for the shitty clippers.
    :rofl:
     
  13. crazypreacher

    crazypreacher Hey yo

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    Couple of years ago Forbes valued the yankees at about 1 billion. This throws all of american sports out of whack.
     
  14. Summer

    Summer Shed Punisher VIP

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    His lawyer is hilarious.
     
  15. zhukov

    zhukov Time traveler Gold

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    sure they could

    he paid $8M and got $2B

    that's the story folks
     
  16. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    That would just buy the team, not the stadium and their cut of the network.
     
  17. Phan Neepack

    Phan Neepack Well-Known Member

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    ....nothing lasts forever, but the cold November rain... [​IMG]
     
  18. Phan Neepack

    Phan Neepack Well-Known Member

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    Especially since 95% of the Clippers existence saw them being a total laughing stock, shit team ....

    ...And now, Donald Sterling can ride off into the sunset with a different white whore every day for the rest of his life (--while Magic Johnson still has the AIDS)....SWEET vindication !!
     
  19. Phan Neepack

    Phan Neepack Well-Known Member

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    [​IMG]
     
  20. Phan Neepack

    Phan Neepack Well-Known Member

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    [video=youtube;Fsbvo5GVK10]https://www.youtube.com/watch?v=Fsbvo5GVK10[/video]

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