Originally posted by boast:
Originally posted by BobS:
Originally posted by Jcool:
Can someone explain to me how the Clippers fetched $2 Billion when The Bucks sold for $550 Million. They don't have a good deal with the Staples Center, until the last couple years they were usually bottom feeders rarely making the play-offs. You can count their play-off series wins on one hand even though they have been in the league over 40 years. They did win their only division titles the last two years, but they sold for 3 times their estimated value.
Ramona Shelburne ‏@ramonashelburne
There is now a signed, binding agreement between Ballmer and the Sterling family trust to sell the Clippers for $2billion, ESPN has learned
lol what's the difference between Los Angeles and Milwaukee as markets? think about it.
But almost 4x the price? The Clippers own nothing, they supposedly don't even have a good lease agreement with the Staples Center not getting any of the luxury box revenue. They sold for almost as much as the Dodgers that have a storied history with multiple championships, and own their stadium and surrounding land. Seriously $1 Billion was the highest any of the so called experts predicted and they doubled that.