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Thread: Reports: Former Microsoft CEO Steve Ballmer wins bidding for Clippers with NBA-record

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    Re: Seattle clippers

    Sterling bought the team for 12 million and sold it for 2 billion. His punishment for his racist remark is making nearly 2 billion dollars in profit.

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    Re: Seattle clippers

    Quote Originally Posted by 24107 View Post
    Sterling bought the team for 12 million and sold it for 2 billion. His punishment for his racist remark is making nearly 2 billion dollars in profit.
    Perhaps he did it on purpose so he could make that kind of money, the shrewd man.

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    Re: Seattle clippers

    The Clippers are not moving.
    Freedom of speech is not freedom from criticism.

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    Re: Seattle clippers

    Quote Originally Posted by PoS View Post
    Ballmer? I suppose he wants to be like Paul Allen. I bet he will rename the team the Seattle Windows.

    (I met Ballmer many many years ago, he's a dick)
    Allen has been a great owner with the Seahawks and the Sounders. Seattle deserves an NFL team. Heck, they can have our always broke hockey team while they are at it.
    "Those who do not remember the past are condemned to repeat it." George Santayana

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    Re: Seattle clippers

    Quote Originally Posted by 99percenter View Post
    Sterling's wife is selling it. I don't agree with sterling being forced to sell his team, but he is going to make a killing. His team was worth $500 mill and he is getting $2 bill. That is a nice haul. Just wondering what the capital gains tax bill will be for him,.
    does she own the team? i didn't think she had a stake in the team? if she doesn't own 51% of it she can't sell.

  6. #36
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    Re: Seattle clippers

    Quote Originally Posted by 99percenter View Post
    Report: Former Microsoft CEO Steve Ballmer submits NBA-record $2 billion bid for Los Angeles Clippers

    http://sports.yahoo.com/blogs/nba-ba...234227311.html

    Can't believe someone would pay 2 bill for the clippers. Deal needs to get approved but it should go through. Good luck to balmer. My guess is he moves the team to seattle.
    yes 2 billion is insane for a pro team. i'm glad its going to someone other then a former NBA player(s).

    donald should should say yes to it even thou i think the NBA was trying to steal the team from him.
    Go Vols

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    Re: Seattle clippers

    Quote Originally Posted by The Man View Post
    It would actually be a smart move to relocate to Seattle though, and rename them the Supersonics. The Clippers have always been third fiddle to the Lakers. A lot of people don't even know who the Clippers are, but everyone knows who the Lakers are. The Seattle Supersonics had a great fan base, and only lost their team because of politics and stadium one-upsmanship.
    While all of that is true, 2.2 billion for a team in Los Angeles may eventually make some sense. 2.2 billion for a team in Seattle would never make sense. He will not attempt to move the team to Seattle, and even if he did, the NBA would never allow it.
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    Re: Seattle clippers

    Quote Originally Posted by beefheart View Post
    Allen has been a great owner with the Seahawks and the Sounders. Seattle deserves an NFL team. Heck, they can have our always broke hockey team while they are at it.
    Actually he owns the Portland Trailblazers. He does not own the Seattle Sounders.
    "Groups with guitars are on the way out, Mr. Epstein"

    Dick Rowe, A & R man
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    Re: Seattle clippers

    Quote Originally Posted by ludin View Post
    does she own the team? i didn't think she had a stake in the team? if she doesn't own 51% of it she can't sell.
    California is a community property state. She owns half of everything he owns.
    "Groups with guitars are on the way out, Mr. Epstein"

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    Decca Records
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    Re: Seattle clippers

    Quote Originally Posted by Wiggen View Post
    California is a community property state. She owns half of everything he owns.
    ok so she only owns 50% of the team i read another article on this.

    the team belongs to the trust of which sterling is co-owner. that means any sale or anything else that comes out of the trust he has to approve.
    according to the article he is not approving the sale.

    so she can't sell the team without his permission.

    50% is not 51%.

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