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Thursday, May 29, 2014

Steve Ballmer Is On Track to Buy the Clippers

Posted by on Thu, May 29, 2014 at 4:15 PM

James Rainey at the LA Times says:

Former Microsoft chief executive Steve Ballmer won a frenetic bidding war for ownership of the Los Angeles Clippers, with his $2-billion offer setting a record price for an NBA team, The Times has learned.

Grant Brissey Slogged about this possibility a couple days ago. I think Ballmer just wants to buy the Clippers because people are guaranteed to like him more than the last owner. Who says you can't buy love?

More from the Times:

The tentative deal still must receive the blessing of [Shelly Sterling's] husband, Donald Sterling, who has waxed and waned on the question of whether he would allow his wife to sell the team he has controlled for more than three decades.

The deal also needs the eventual approval of 29 other NBA owners, but is expected to clear that hurdle as long as Ballmer reaffirms his pledge to keep the team in Los Angeles and not move it to Seattle, where he lives.

No Seattle Clippers for you.

 

Comments (26) RSS

Oldest First Unregistered On Registered On Add a comment
1
The value of Chris Hansen's property just dropped about 20%. I guess he is as good at managing real estate as he is at managing hedge funds.
Posted by hmmmmm on May 29, 2014 at 4:21 PM · Report this
DOUG. 2
Fuck the NBA. Go Spurs.
Posted by DOUG. http://www.dougsvotersguide.com on May 29, 2014 at 4:23 PM · Report this
TCLballardwallymont 3
"The deal also needs the eventual approval of 29 other NBA owners, but is expected to clear that hurdle as long as Ballmer reaffirms his pledge to keep the team in Los Angeles and not move it to Seattle"

IIRC those kind of pledges can be broken :D
Posted by TCLballardwallymont on May 29, 2014 at 4:24 PM · Report this
biffp 4
Maybe the City Council will finally amend the deal so we can get a hockey team. Basketball sucks. Seattle just keeps chasing an ex- who isn't good for it.
Posted by biffp on May 29, 2014 at 4:25 PM · Report this
5
@ 3 Only if the city fails to build a new arena, yes that was a bad deal but sometimes you got to take the bad deal.
Posted by dkjndmsahksdhksal on May 29, 2014 at 4:26 PM · Report this
6
Time for Bill G to step up.
Posted by dkjndmsahksdhksal on May 29, 2014 at 4:28 PM · Report this
Will in Seattle 7
What @6 said

Also Bitten got renewed and is filming now
Posted by Will in Seattle http://www.facebook.com/WillSeattle on May 29, 2014 at 4:50 PM · Report this
Sir Vic 8
Ballmer can always swap franchises if/when a team moves/expands to Seattle. There'd be some financial offsets, but it's been done before in every league. That might be a consideration, but certainly isn't going to be an explicit part of the deal.

The pity is that the Clippers name & branding is a natural fit with the Mariners name & branding. Ballmer could also get a pretty quick deal on a new arena on Hansen's SODO properties.
Posted by Sir Vic on May 29, 2014 at 5:01 PM · Report this
Original Monique 9
Here's what you do: Say you won't move the team, repeat it for like a year or something while at the same time doing back-door deals with the NBA commissioner then move the team to Seattle in 2 years. Let LA hate you but everyone else will shrug.

I mean, it worked for the Thunder, right?
Posted by Original Monique http://www.facebook.com/notifications.php#/group.php?gid=124801948427 on May 29, 2014 at 5:44 PM · Report this
Dougsf 10
Unless he plans to bring them to Seattle eventually, why buy them at their peak value?
Posted by Dougsf on May 29, 2014 at 5:44 PM · Report this
11
He's going to pay 2 BILLION for a team, then move it to Seattle, where it's value is 3/4 Billion? That makes no sense whatsoever.
Posted by pat L on May 29, 2014 at 6:44 PM · Report this
Max Solomon 12
i don't think we need a team anymore. the NBA is dead to me.
Posted by Max Solomon on May 29, 2014 at 7:05 PM · Report this
NotSean 13
2 Billion dollars...
...for a chat app shop
...for a headphone company
...for a sport team.

What a world.
Posted by NotSean on May 29, 2014 at 7:33 PM · Report this
14
Ballmer is as mean spirited as he is incompetent. Even Forbes voted him worst CEO of 2012. He will try to move the team in three years as the MOU is expiring, in order to leverage pressure to amend it to more favorable terms. You heard it here first. He has the cash, but he will want to sock taxpayers with the risky General Obligation Bonds that will soak other city services. 2017 should be interesting, if anyone here has a memory left from from the bottom shelf drinks at hip watering holes.
Posted by hmmmmm on May 29, 2014 at 7:40 PM · Report this
15
Move it in 3 years when Murray is still mayor, (and the tunnel is not finished) good luck with that!
Posted by pat L on May 29, 2014 at 7:59 PM · Report this
16
ESPN reporting Ballmer signed to buy the Clips for 2 Billion! In the meantime, I'll be buying my bottom shelf drinks from Safeway!
Posted by pat L on May 29, 2014 at 8:10 PM · Report this
17
In other news, Steve Ballmer is prepared to give Donald Sterling $1 Billion dollar windfall
Posted by ChefJoe on May 29, 2014 at 9:24 PM · Report this
pragmatic 18
@13 The WhatsApp deal was $19 Billion.
Posted by pragmatic on May 29, 2014 at 9:42 PM · Report this
19
@13 and Beats was $3 billion
Posted by dkjndmsahksdhksal on May 29, 2014 at 10:03 PM · Report this
Fnarf 20
Donald Sterling just proves that there's a lot of profit to be made in brain-damaged racist diatribes.
Posted by Fnarf http://www.facebook.com/fnarf on May 30, 2014 at 12:43 AM · Report this
Sean Kinney 21
The Masters of the Universe can eat shit.
Posted by Sean Kinney http:// on May 30, 2014 at 1:07 AM · Report this
22
Seattle, and I mean the City of Seattle, if you can snag a pro B-ball team, grab it. It'll matter 40 years from now.

In the short term 5-10 years whoever spends the money will lose. There is a pro-sports team bubble developing it will burst.
Posted by Machiavelli was framed on May 30, 2014 at 1:36 AM · Report this
lark 23
@Fnarf,
Indeed, you are correct. That is what fazed me about this potential purchase.

Mr. Sterling appears to be hardly contrite. Apparently, I read he refused to pay the $2.5 million fine the NBA imposed! Ridiculous. He'll make a tidy profit and watch the Clippers on TV. There are no winners here.

At least the players don't have to play for a mean-spirited and racist owner.
Posted by lark on May 30, 2014 at 8:22 AM · Report this
Supreme Ruler Of The Universe 24

Maybe Ballmer will relocate to LA.

Why should he stay here?

The weather is better in LA and he can enjoy watching a game with Jack Nicholson played by his own private team.
Posted by Supreme Ruler Of The Universe http://www.you-read-it-here-first.com on May 30, 2014 at 9:06 AM · Report this
25
C'mon we all know he's moving the Clippers here. What could be better than a Paul Allen/Trailblazers vs. Steve Balmer/Seattle Clippers showdown?
Posted by Developers! on May 30, 2014 at 2:19 PM · Report this
26
Ballmer realized his dream of owning an NBA team was never going to happen here in his lifetime, and he desperately wants to own a team. Sure he overpaid, but he could afford to, and opportunities to buy big-market NBA teams don't come along very often.

Pretty sure he'll move to LA and leave Seattle in his rear-view mirror. He'll be hanging with celebs and enjoying the high-profile lifestyle.
Posted by bigyaz on May 30, 2014 at 2:33 PM · Report this

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