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Former Microsoft CEO Steve Ballmer to buy L.A. Clippers

Discussion in 'NBA Dish' started by J.R., May 29, 2014.

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  1. FV Santiago

    FV Santiago Member

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    I think we may look back on this sale in a couple of years and say that Sterling sold at the peak and at an incredible price. This is almost 4x what the Milwaukee Bucks sold for a few years ago, which at the time was a record. This price is truly ridiculous! Thanks V Stiviano, for initiating the sale, and go have fun with your money in Vegas/Tijuana/Thailand, Don Sterling!!
     
    #141 FV Santiago, May 30, 2014
    1 person likes this.
  2. J.R.

    J.R. Member

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    <blockquote class="twitter-tweet" lang="en"><p>Can confirm TMZ report that Sterling was diagnosed w/ Alzheimer's.</p>&mdash; Ramona Shelburne (@ramonashelburne) <a href="https://twitter.com/ramonashelburne/statuses/472470321207844864">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
    #142 J.R., May 30, 2014
  3. Icehouse

    Icehouse Member

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    He already had a net worth of $2B.

    http://www.forbes.com/profile/donald-sterling/
     
    #143 Icehouse, May 30, 2014
  4. Dubious

    Dubious Member

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    move? move down 11 spots?

    Local Television Market Universe Estimates
    Comparisons of 2012-13 and 2013-14 Market Ranks
    2012-13 2013-14 2013 2014
    Rank Rank Difference DMA Name TV Homes TV Homes
    1 1 New York 7,384,340 7,461,030
    2 2 Los Angeles 5,613,460 5,665,780
    3 3 Chicago 3,484,800 3,534,080
    4 4 Philadelphia 2,949,310 2,963,500
    5 5 Dallas-Ft. Worth 2,588,020 2,655,290
    6 6 San Francisco-Oak-San Jose 2,502,030 2,518,900
    7 7 Boston (Manchester) 2,366,690 2,433,040
    8 8 Washington, DC (Hagrstwn) 2,359,160 2,412,250
    9 9 Atlanta 2,326,840 2,375,050
    10 10 Houston 2,215,650 2,289,360
    11 11 Detroit 1,845,920 1,856,400
    13 12 +1 Phoenix (Prescott) 1,812,040 1,855,310
    12 13 -1 Seattle-Tacoma 1,818,900 1,847,780
    14 14 Tampa-St. Pete (Sarasota) 1,806,560 1,827,510
    15 15 Minneapolis-St. Paul 1,728,050 1,748,070
    16 16 Miami-Ft. Lauderdale 1,621,130 1,663,290
    17 17 Denver 1,566,460 1,574,610
    19 18 +1 Orlando-Daytona Bch-Melbrn 1,453,170 1,490,380
    18 19 -1 Cleveland-Akron (Canton) 1,485,140 1,484,530
    20 20 Sacramnto-Stkton-Modesto 1,387,710 1,387,950
    21 21 St. Louis 1,243,490 1,254,530
    22 22 Portland, OR
    http://www.nielsen.com/content/dam/...easurement/television/2013-2014-DMA-Ranks.pdf
     
    #144 Dubious, May 30, 2014
    Last edited: May 30, 2014
  5. sugrlndkid

    sugrlndkid Member

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    If he is confirmed to having a mentally debilitating disease like Alzheimer's, do the Sterlings have legal grounds to retain their team???
     
    #145 sugrlndkid, May 30, 2014
  6. JuanValdez

    JuanValdez Member

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    Yeah, I doubt the current squad had much of any impact on the price. The Clippers are an enduring business while it's current players might have 4 more years left on their contracts. They'll have as much impact on the value of the franchise as a high-end air conditioning compressor has on the value of a house. The fancy AC is nice to have, but the value is driven by the location.
     
    #146 JuanValdez, May 30, 2014
  7. JuanValdez

    JuanValdez Member

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    Perhaps they can sue under Americans with Disabilities Act because the NBA didn't provide accomodation for his senility.
     
    #147 JuanValdez, May 30, 2014
  8. Dubious

    Dubious Member

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    #148 Dubious, May 30, 2014
  9. J.R.

    J.R. Member

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    <blockquote class="twitter-tweet" lang="en"><p>Sterling's lawyer MAx Blecher tells ESPN he is filing a lawsuit against the NBA for $1 billion in damages, still weighing suit vs. Shelly</p>&mdash; Ramona Shelburne (@ramonashelburne) <a href="https://twitter.com/ramonashelburne/statuses/472485527414145024">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>Blecher: &quot;The charges in the lawsuit are an invasion of his constitutional rights, violation of anti-trust laws, breach of fiduciary duty ..</p>&mdash; Ramona Shelburne (@ramonashelburne) <a href="https://twitter.com/ramonashelburne/statuses/472486876583305217">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>Blecher said he's suing the NBA for damages to Donald Sterling brought on by their lifetime ban and termination charges</p>&mdash; Ramona Shelburne (@ramonashelburne) <a href="https://twitter.com/ramonashelburne/statuses/472487104099143680">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

    <blockquote class="twitter-tweet" lang="en"><p>Blecker tells Yahoo that Sterling is &quot;looking ... separately&quot; at possible legal action to stop sale agreement of Clippers to Steve Ballmer.</p>&mdash; Adrian Wojnarowski (@WojYahooNBA) <a href="https://twitter.com/WojYahooNBA/statuses/472489557725044736">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>Donald Sterling's lawyer Max Blecher said this lawsuit &quot;has nothing to do with the sale.&quot;</p>&mdash; Ramona Shelburne (@ramonashelburne) <a href="https://twitter.com/ramonashelburne/statuses/472489317634674688">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>The purpose of the $1B lawsuit against NBA, attorney Max Blecker says, is to seek damages for Sterling's lifetime ban and termination.</p>&mdash; Adrian Wojnarowski (@WojYahooNBA) <a href="https://twitter.com/WojYahooNBA/statuses/472490204365090816">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>Via <a href="https://twitter.com/dakotacdsmith">@dakotacdsmith</a> : Source: Shelly Sterling will remain involved with Clippers after sale <a href="http://t.co/y5eml92sYv">http://t.co/y5eml92sYv</a></p>&mdash; Mark Medina (@MarkG_Medina) <a href="https://twitter.com/MarkG_Medina/statuses/472492347775672320">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>As Sterling finalizes suit on NBA, Max Blecher tells RealGM no charges are planned against V. Stiviano or friend who released recordings.</p>&mdash; Shams Charania (@ShamsCharania) <a href="https://twitter.com/ShamsCharania/statuses/472498613420318720">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
    #149 J.R., May 30, 2014
    Last edited: May 30, 2014
  10. The_Yoyo

    The_Yoyo Member

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    sounds like Sterling's attorneys want some of that 2billion in fees that lawsuit they wont win and it will just be in court for a while
     
    #150 The_Yoyo, May 30, 2014
  11. Icehouse

    Icehouse Member

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    David Aldridge ‏@daldridgetnt 55s

    Maxwell Blecher, attorney for Donald Sterling, says in e-mail that Shelley Sterling's claim his client is mentally incompetent is "absurd."
     
    #151 Icehouse, May 30, 2014
  12. Icehouse

    Icehouse Member

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    Or it could be that he isn't suddenly mentally incompetent and they don't want to let his wife and/or the league bypass what's in the NBA by-laws and jack him for the team.
     
    #152 Icehouse, May 30, 2014
  13. hooroo

    hooroo Member

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    #BeWell
     
    #153 hooroo, May 30, 2014
    1 person likes this.
  14. brantonli24

    brantonli24 Member

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    Time for the lawyers to battle this out in court. Maybe this should be a new arc on Suits.
     
    #154 brantonli24, May 30, 2014
  15. tmacfor35

    tmacfor35 Member

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    Hope he wins this case.

    He deserved to lose the team, but it's time the NBA took it up the rear end.

    I hope he also sues the crap out of his estranged wife who has way too much power at this point. Donald bought the team and Shelley is selling.... Wtf.
     
    #155 tmacfor35, May 30, 2014
  16. Dubious

    Dubious Member

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    *this just in*

    Billionaires hate to lose!
    lawyers said ready to fight to his last dollar

    film at 11, after he buys the TV station
     
    #156 Dubious, May 30, 2014
  17. J.R.

    J.R. Member

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    <blockquote class="twitter-tweet" lang="en"><p>NBA announcing deal to sell Clippers to Ballmer is complete. Ballmer will become owner with approval of Board of Governors.</p>&mdash; darren rovell (@darrenrovell) <a href="https://twitter.com/darrenrovell/statuses/472510130106687488">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>NBA: Shelly Sterling has agreed not to sue the NBA and to indemnify the league against lawsuits, including from Donald.</p>&mdash; darren rovell (@darrenrovell) <a href="https://twitter.com/darrenrovell/statuses/472510497544503296">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
    <blockquote class="twitter-tweet" lang="en"><p>NBA says deal to sell Clippers to Steve Ballmer is complete pending approval, cancels June 3 termination hearing. <a href="http://t.co/k14Q8oW2TW">pic.twitter.com/k14Q8oW2TW</a></p>&mdash; NBA on ESPN (@ESPNNBA) <a href="https://twitter.com/ESPNNBA/statuses/472510792609574912">May 30, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
    #157 J.R., May 30, 2014
  18. Sajan

    Sajan Member

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    few years ago?

    or you mean last month?

    http://www.jsonline.com/sports/bucks/nba-approves-sale-of-milwaukee-bucks-b99271028z1-259483361.html
     
    #158 Sajan, May 30, 2014
  19. KingCheetah

    KingCheetah Atomic Playboy
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    Folks, we are only a few years away from the return of the Seattle Supersonics.
     
    #159 KingCheetah, May 30, 2014
  20. slestack11

    slestack11 Member

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    You can buy a 2000 square foot 3 bedroom and 2 bath house in Milwaukee for about $180,000. That same house in Manhattan Beach, CA with no view is $1.5 million. With an ocean view, the house would be $3-5 million. So that is about an 8-1 ratio in value with the no ocean view option. And that is Manhattan Beach and not Beverly Hills or Hollywood Hills. Using an 8-1 location value ratio, the Clippers should be 8 times the value of the Bucks.

    That said, I think Ballmer paid what the Lakers are worth and the Clippers aren't the Lakers. Time will tell if he can re-brand to make the Clippers more attractive. With Jack Nicholson, Matt Damon, Rihanna, etc... showing up at the Clippers playoff games this year, its sort of proof that LA is a city that thinks about tomorrow and not so much about yesterday.
     
    #160 slestack11, May 30, 2014
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