What do you think of Ballmer’s $2 billion purchase price for the Clippers?
The energy is going to be great. He has the salesmanship and marketing that the team needs. He will be good for the whole city. My girlfriend has had Clippers tickets since they played at the Sports Arena. My only concern is that he will eventually move the team to Seattle.
Considering the Dallas Cowboys were recently valued at $3 billion, and two years ago the Los Angeles Dodgers sold for $2 billion, it is safe to say that $2 billion is a fair price for the Clippers. Yes, they share an arena with the Stanley Cup champion Kings and the 16-time NBA champion Lakers, but Los Angeles fans are down on Jim Buss, and there is tremendous opportunity for the Clippers to win over more basketball fans, especially those who are happy that Sterling is out and Doc Rivers just signed an extension through 2019. That being said, the Clips are probably worth less with Donald Sterling as owner. I guess good will really does have value.
Sotheby’s International Realty, Pacific Palisades
It’s hard to say he overpaid when prices for teams keep going up, but as a Lakers fan for life, it kind of hurts my feelings that the Clippers would be worth so much money. However, as a real estate agent, I know all about resale value and pro teams have that. With the L.A. market being so desirable, it seems like a fair price.
JOSEPH R. CILIC
Senior Vice President
Sotheby’s International Realty, Brentwood
Sure he overpaid, but when you have $21 billion, does it really matter? One day it will be worth $2 billion, and in the meantime it looks like he is going to truly enjoy himself, which is priceless. I have to imagine it is easier – not to mention more generally accepted – to get fired up in enthusiastic rants about sports than it is software programming. Is there anything better to do with his money, other than perhaps buying the Lakers?
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