Friday, May 30, 2014

THE WASHINGTON POST: Former Microsoft CEO Steve Ballmer won the bidding for ownership of the Los Angeles Clippers





At least on a surface level, the Los Angeles Clippers appeared to be a lousy investment for any potential buyer — a franchise with none of the championship history and Hollywood buzz of the rival Lakers and one still reeling from the racist comments made five weeks ago by now-deposed owner Donald Sterling.
But as the sports industry begins to process the staggering amount — $2 billion — for which Sterling’s wife agreed to sell the Clippers, it is clear, in this new Golden Age of sports television, there is no franchise too weak or too sullied to command a windfall at auction, especially in Hollywood.

Credit: The Washington Post