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Bank of America Hired by Sterlings to Sell NBA’s Clippers

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IF the Clippers are worth that, it is all due to location.

No.

 

Only the Lakers, Celtics,and maybe Chicago would be in that area.

 

I'm thinking the Knicks, Spurs, OKC, possibly Atlanta and few others could aim for that 2B mark.

Those numbers are just staggering if true.

I'm thinking the Knicks, Spurs, OKC, possibly Atlanta and few others could aim for that 2B mark.

 

Really? I wouldn't have put either of those two in my top ten. I'd figure Miami or Brooklyn before those two.

I can't see OKC being a $2Billion Franchise, based on their short history of success.

FWIW Clippers aren't worth that either, but a bidding war may get the price higher than worth

I'm thinking the Knicks, Spurs, OKC, possibly Atlanta and few others could aim for that 2B mark.

 

 

I left off the Knicks, glad you mentioned them.

 

 

All others, the market just isn't big enough to support that.

LA Times reporting the winning bid is 2 billion dollars. Two. Billion. Dollars. America...

LA Times reporting the winning bid is 2 billion dollars. Two. Billion. Dollars. America...

 

Steve Ballmer former Microsoft CEO right ? Same guy who fought to keep sonics in Seattle .

 

Steve Ballmer former Microsoft CEO right ? Same guy who fought to keep sonics in Seattle .

 

Yup...

  • Author

So the Lakers are worth what then? Crazy.

I've heard this guy is going to move them to Seattle. I would gladly welcome that. Seattle wants a franchise so bad and LA has two, why not send the less popular to Seattle? Donald Sterling bout the Clips for 12.5 mil, now is selling it for 2 billion. Crazy turn around.

Owning a major pro sports franchise is one of the most elite "money" things that a wealthy person can do.

 

With only around 100 of those spots and only a fraction of those that will become publicly available for sale during someone's lifetime, the price is inevitably going to end up being more than what the franchise would objectively be valued as being "worth" at that point in time.

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