guess what Ballmer bought

[vision63]

Lemon Drop wrote:
Well Sterling bought the Clippers 33 years ago for $12.5 million, so he's getting an annualized return of 16.6% by unloading the team now for $2 billion. So not bad. Not as well as Ballmer has done on Microsoft, mind you, but not bad.

Well he's in his 80's now so it's of no benefit to him to get another $2 billion dollars. It's like having a lifetime garage supply full of your favorite Jack Daniels whisky and now you win another garage full of Jack Daniels. People seeing that as a win don't get it. Only 30 owners/groups get to own an NBA team. That's what he craves and he lost it.

I'm happy for Ballmer. I think it's cool owning a sports team. I contract for a major foundation for the past 14 years and others so I'm aware of his philanthropic efforts. He's generous. More so than what has been mentioned earlier in the thread. He's got deep pockets so that means, in the NBA, he can choose to be competitive without always worrying about the luxury tax. I wish I owned the Lakers, the Dodgers or the A's. If you really love a sport then you understand why.

[Lemon Drop]

I was responding to Dennis' comment about whether NBA teams are a good investment. It seems that in general they are.

PS: I think it'd be cool if you owned a team too.