Results 1 to 14 of 14

Thread: Los Angeles Clippers

  1. #1
    Join Date
    Feb 2008
    Location
    Wake Forest, North Carolina
    Posts
    1,981
    Blog Entries
    2

    Los Angeles Clippers

    $2B.

    Unbelievable.

    I wonder what the New York Yankees are worth these days?

    Or the Dallas Cowboys?

    PHM

  2. #2
    I guess it depends on who is buying. If you find guys with $20 billion or more, they can buy things for hobby at hobbyist price.

  3. #3
    Join Date
    Dec 2006
    Location
    Toronto Ontario
    Posts
    11,248
    Quote Originally Posted by Paul McGaha View Post
    $2B.

    Unbelievable.

    I wonder what the New York Yankees are worth these days?

    Or the Dallas Cowboys?

    PHM
    No idea Paul, however it does shed some light on the range of disposable income in society...........Rod.

  4. #4
    Join Date
    Feb 2008
    Location
    Wake Forest, North Carolina
    Posts
    1,981
    Blog Entries
    2
    I was really surprised when I saw the sale price on the news this morning.

    Yesterday ESPN predicted the team would sell for around $600M.

    Dang that's a lot of money though. I find it kind of shocking.

    A great deal of disposable income indeed Rod.

  5. #5
    Join Date
    Jan 2009
    Location
    N.E, Ohio
    Posts
    3,026
    Guess it shows how much you can make working for Microsoft.

  6. #6
    Join Date
    Feb 2003
    Location
    Doylestown, PA
    Posts
    7,551
    I've read that Steve Ballmer is now the largest Microsoft share holder. Bill Gates has been quietly selling his shares to fund his foundation and at his recent pace will no longer hold significant Microsoft stock after 2018. I'm pretty sure none of the Microsoft founders will have to worry about missing any meals anytime soon though.

  7. #7
    Quote Originally Posted by Curt Harms View Post
    I've read that Steve Ballmer is now the largest Microsoft share holder. Bill Gates has been quietly selling his shares to fund his foundation and at his recent pace will no longer hold significant Microsoft stock after 2018. I'm pretty sure none of the Microsoft founders will have to worry about missing any meals anytime soon though.
    While that seems to be true, I wonder how it is Bill Gates is worth $76 billion now?

  8. #8
    Join Date
    Nov 2006
    Location
    NE Ohio
    Posts
    6,983
    how it is Bill Gates is worth $76 billion now?
    Only about 17% of his worth comes from Microsoft. (Bloomberg)
    Last edited by Rich Engelhardt; 06-01-2014 at 9:47 AM.
    My granddad always said, :As one door closes, another opens".
    Wonderful man, terrible cabinet maker...

  9. #9
    Join Date
    Feb 2003
    Location
    Lafayette, IN
    Posts
    4,563
    Quote Originally Posted by David Weaver View Post
    I guess it depends on who is buying. If you find guys with $20 billion or more, they can buy things for hobby at hobbyist price.
    Don't think for a minute that a sports team gets bought for a hobby. A business challenge, perhaps, but profit is always the goal, even if that profit is not directly from the operations of the team--there's always those prestige and networking factors...
    Jason

    "Don't get stuck on stupid." --Lt. Gen. Russel Honore


  10. #10
    Join Date
    Aug 2006
    Location
    Saint Helens, OR
    Posts
    2,463
    Quote Originally Posted by Jason Roehl View Post
    Don't think for a minute that a sports team gets bought for a hobby. A business challenge, perhaps, but profit is always the goal, even if that profit is not directly from the operations of the team--there's always those prestige and networking factors...
    There is a lot of ego involved for sure. From a business point of view, at $2 billion, I'm not sure if Ballmer will live long enough to break even on that investment. That price doesn't even include an arena.

    One thing for sure though, is that he just turned the whole professional sports franchise valuation upside down. The Clippers were recently valued at roughly $675 million by Forbes. The valuation for Lakers, Spurs, Heat, Knicks, Rockets and Bulls is likely due for a significant correction.

    It's an absurd amount of money. Of course he can spend it however he wishes, but it's still absurd.
    Measure twice, cut three times, start over. Repeat as necessary.

  11. #11
    Join Date
    Aug 2010
    Location
    USA
    Posts
    5,582
    Quote Originally Posted by Greg Peterson View Post
    There is a lot of ego involved for sure. From a business point of view, at $2 billion, I'm not sure if Ballmer will live long enough to break even on that investment. That price doesn't even include an arena.

    One thing for sure though, is that he just turned the whole professional sports franchise valuation upside down. The Clippers were recently valued at roughly $675 million by Forbes. The valuation for Lakers, Spurs, Heat, Knicks, Rockets and Bulls is likely due for a significant correction.

    It's an absurd amount of money. Of course he can spend it however he wishes, but it's still absurd.
    The good thing is that Oprah didn't get the franchise.

  12. #12
    Quote Originally Posted by Jason Roehl View Post
    Don't think for a minute that a sports team gets bought for a hobby. A business challenge, perhaps, but profit is always the goal, even if that profit is not directly from the operations of the team--there's always those prestige and networking factors...
    Of course profit is the goal, but sometimes it seems like the valuation of the team is based on hobby. It's a status symbol to own a team. I can't imagine something more interesting to own than a pro sports team, it's like having your own little hobby kingdom where someone else does the work if you want them to.

  13. #13
    Join Date
    Sep 2008
    Location
    SF East Bay, CA
    Posts
    287
    Hmmm, I have a Clippers #24 World B. Free T-shirt. Maybe I should offer it up to the new owners.

  14. #14
    Join Date
    Feb 2008
    Location
    Wake Forest, North Carolina
    Posts
    1,981
    Blog Entries
    2
    Quote Originally Posted by Greg Peterson View Post
    There is a lot of ego involved for sure. From a business point of view, at $2 billion, I'm not sure if Ballmer will live long enough to break even on that investment. That price doesn't even include an arena.

    One thing for sure though, is that he just turned the whole professional sports franchise valuation upside down. The Clippers were recently valued at roughly $675 million by Forbes. The valuation for Lakers, Spurs, Heat, Knicks, Rockets and Bulls is likely due for a significant correction.

    It's an absurd amount of money. Of course he can spend it however he wishes, but it's still absurd.
    You're so right Greg, It's his money and he can spend it however he wishes.

    It's just that from what I read its very unusual for a person that has amassed great wealth like he has, to not be a lot more disciplined about trying to hang on to it.

    I must say I've been really impressed with what Bill & Melinda Gates are trying to do with their fortune. Honestly trying to make a difference in the world. Warren Buffet too. If it were me in their position I would hope I had that kind of wisdom.

    PHM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •