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Thu May 29, 2014, 07:37 PM

The 5 Worst Things about ex- Microsoft CEO Steve Ballmer buying The L.A. Clippers

1. The Clippers are no longer compatible with Apple products.
2. The Clippers will now require weekly updates that do nothing.
3. The Clippers will now come bundled with a lot of software you don't want and can't use.
4. The Clippers are now more susceptible to hackers so change their password often.
5. Get ready for Clippers Vista.

Steve Ballmer Wins Bidding for Clippers With $2 Billion Price Tag (Report)

Former Microsoft CEO Steve Ballmer is to reportedly buy the Los Angeles Clippers for $2 billion.
The news came after weeks of speculation on the fate of the team since Donald Sterling was banned for life from the NBA by commissioner Adam Silver on April 29.
The sale would be the highest ever paid for a NBA team.
Ballmer was chosen over competitors that included Los Angeles-based investors Tony Ressler and Steve 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 the Los Angeles Times.
more at link...
http://www.hollywoodreporter.com/news/steve-ballmer-wins-bidding-clippers-708041

35 replies, 1135 views

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Reply The 5 Worst Things about ex- Microsoft CEO Steve Ballmer buying The L.A. Clippers (Original post)
TeamPooka May 2014 OP
nolabear May 2014 #1
Jenoch May 2014 #2
itsrobert May 2014 #4
Maedhros May 2014 #10
former9thward May 2014 #13
Maedhros May 2014 #23
DonCoquixote May 2014 #35
TeamPooka May 2014 #3
Recursion May 2014 #25
joeybee12 May 2014 #5
Maedhros May 2014 #9
stevenleser May 2014 #28
MicaelS May 2014 #12
former9thward May 2014 #14
stevenleser May 2014 #33
DJ13 May 2014 #6
Gidney N Cloyd May 2014 #7
TeamPooka May 2014 #18
davidn3600 May 2014 #8
stevenleser May 2014 #32
MineralMan May 2014 #11
dawg May 2014 #15
TeamPooka May 2014 #20
dawg May 2014 #16
Mnemosyne May 2014 #17
Jenoch May 2014 #19
TeamPooka May 2014 #21
Jenoch May 2014 #22
Initech May 2014 #24
GReedDiamond May 2014 #26
Initech May 2014 #27
stevenleser May 2014 #29
Initech May 2014 #30
stevenleser May 2014 #31
Leme May 2014 #34

Response to TeamPooka (Original post)

Thu May 29, 2014, 07:39 PM

1. SEATTLE-SEATTLE-SEATTLE-SEATTLE-SEATTLE-SEATTLE!!!!

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Response to nolabear (Reply #1)

Thu May 29, 2014, 07:44 PM

2. There is virtually zero chance he would move the Clippers out of LA.

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Response to Jenoch (Reply #2)

Thu May 29, 2014, 07:49 PM

4. Yup, and the chances of a team going to (or expansion) Seattle just went down big time

When one of the primary person that had the will to do it is now going to own the LA Clippers.

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Response to Jenoch (Reply #2)

Thu May 29, 2014, 08:01 PM

10. Not competing for entertainment dollars with the Lakers may have advantages.

Seattle would overwhelmingly welcome an NBA franchise.

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Response to Maedhros (Reply #10)

Thu May 29, 2014, 08:15 PM

13. He will not move the team.



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 country.






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

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Response to former9thward (Reply #13)

Fri May 30, 2014, 01:14 AM

23. Yes - I hadn't considered the enormous sum he paid for the franchise.

That makes a move less desirable.

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Response to Jenoch (Reply #2)

Fri May 30, 2014, 05:50 AM

35. tell that to the

Oklahoma city Thunder.

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Response to nolabear (Reply #1)

Thu May 29, 2014, 07:44 PM

3. :)

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Response to nolabear (Reply #1)

Fri May 30, 2014, 01:20 AM

25. Even Ballmer isn't stupid enough to give up the LA market

And the NBA as a whole is overextended into regional markets as it is.

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Response to TeamPooka (Original post)

Thu May 29, 2014, 07:51 PM

5. So Sterling is not only an asshole, he is now an even richer asshole...nt

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Response to joeybee12 (Reply #5)

Thu May 29, 2014, 08:00 PM

9. Assets changed form, from owned to monetary.

Meh.

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Response to Maedhros (Reply #9)

Fri May 30, 2014, 01:45 AM

28. Not in this case. Team valuation was a little over $500 million, he is getting $2 Billion.

I have no idea why Balmer wanted to pay nearly 4 times valuation but then again, I don't have Billions of dollars without any real idea of what to do with it.

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Response to joeybee12 (Reply #5)

Thu May 29, 2014, 08:12 PM

12. He might be richer,

But his wife getting half of all that money when she divorces him is going to gnaw at him. And him losing the Clippers is going to gnaw at him like a cancer.

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Response to MicaelS (Reply #12)

Thu May 29, 2014, 08:17 PM

14. He has a billion less out of billions.

He is in his mid-80s. I doubt it is going to gnaw on him for a second.

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Response to former9thward (Reply #14)

Fri May 30, 2014, 01:59 AM

33. Yeah, this is not an unhappy time for him.

He can probably buy any 3-5 European sports teams now and live in the French or Italian Riviera where no one will know what he did.

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Response to TeamPooka (Original post)

Thu May 29, 2014, 07:52 PM

6. Steve is HappyHappyHappy

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Response to TeamPooka (Original post)

Thu May 29, 2014, 07:55 PM

7. Fouls and airballs will be called General Basketball Failures.

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Response to Gidney N Cloyd (Reply #7)

Thu May 29, 2014, 09:00 PM

18. 404 Player not found

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Response to TeamPooka (Original post)

Thu May 29, 2014, 07:57 PM

8. So Sterling and his wife are going to walk away from this mess with $2 billion profit

They only paid $12.5 million when they bought the team.

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Response to davidn3600 (Reply #8)

Fri May 30, 2014, 01:57 AM

32. Yes, to answer you succinctly. It's disgusting.

I'm trying to think about how much public shaming and humiliation I would be willing to endure for $2 Billion.

The answer is, a whole heck of a lot. Even if I hadn't done anything wrong.

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Response to TeamPooka (Original post)

Thu May 29, 2014, 08:06 PM

11. I don't know. I don't follow soccer. nt

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Response to TeamPooka (Original post)

Thu May 29, 2014, 08:18 PM

15. Free-throw and three-pointer lines ....

replaced with "tiles".

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Response to dawg (Reply #15)

Fri May 30, 2014, 12:02 AM

20. lol

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Response to TeamPooka (Original post)

Thu May 29, 2014, 08:22 PM

16. Team owner no longer sounds just like a racist version of ...

Master Shake from Aqua Teen Hunger Force.

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Response to TeamPooka (Original post)

Thu May 29, 2014, 08:45 PM

17. And he still cannot dance. nt

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Response to TeamPooka (Original post)

Thu May 29, 2014, 10:35 PM

19. I kind of miss the old days when owners of

professional sports franchises did not have to be billionaires. I wonder who the last owner was who's only asset was the team and did not have more money invested from outside ventures. I know in Minnesota, Calvin Griffith (another racist owner) owned the Minnesota Twins and that was the family business. They started out as one of the original American League teams in 1901.

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Response to Jenoch (Reply #19)

Fri May 30, 2014, 12:03 AM

21. They must have gone away around the same time cities started building stadiums for the teams.

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Response to TeamPooka (Reply #21)

Fri May 30, 2014, 12:38 AM

22. I don't think that is correct.

Metropolitan Stadium in Bloomington, Minnesota was built to attract a MLB team, ultimately acquiring the Minnesota Twins in 1961.

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Response to TeamPooka (Original post)

Fri May 30, 2014, 01:18 AM

24. The absolute worst thing? Donald Sterling gets nearly $2 BILLION of practically tax free income.

If we want to reduce the deficit the IRS should be circling these sales like vultures.

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Response to Initech (Reply #24)

Fri May 30, 2014, 01:37 AM

26. Yeah, and he bought the team back in the 80s for...

...a paltry 12 Million $.

Not a bad return on his investment, no?

And, btw, fuck Donald Sterling and anyone else associated with him on the back end of this shit.

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Response to GReedDiamond (Reply #26)

Fri May 30, 2014, 01:41 AM

27. Amen to that!

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Response to Initech (Reply #24)

Fri May 30, 2014, 01:49 AM

29. I'm not an accountant or CPA so can you tell me why this would be tax free?

Thanks

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Response to stevenleser (Reply #29)

Fri May 30, 2014, 01:53 AM

30. Because we give huge tax breaks to billionaires?

That's my guess.

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Response to Initech (Reply #30)

Fri May 30, 2014, 01:55 AM

31. I don't think there is enough writeoffs in the world to cover all the capital gains here.

Not being an accountant, I don't know if you count the profit from the $12 million he paid for the team 2+ decades ago versus the $2 Billion or the $500 million valuation of the team versus the $2 Billion, but whichever, he is going to be paying 25% on a lot of money.

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Response to TeamPooka (Original post)

Fri May 30, 2014, 02:13 AM

34. meh

 

He had the money and wanted to get into the entertainment business; and those in a monopoly of a corner of that entertainment business chose his money.

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