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Buying a NBA team isn’t like a buying a boat. I spoke with Steve shortly after he bought the Clippers and he told me… 1. He’s a sports fan 2. The asset value
by jollofricepeas 3y ago
Buying a NBA team isn’t like a buying a boat.
I spoke with Steve shortly after he bought the Clippers and he told me…
1. He’s a sports fan
2. The asset value of major market teams along with the accompanying real estate generally increases. Provided that you do not run a significant deficit, it’s a profitable endeavor once sold.
- VirusNewbie 3y agolol you're friends with steve balmer or casually run into him at gatherings???
- jollofricepeas 3y agoI’m not a friend with Steve Ballmer but often ran into him at private dinners and other social events in the LA area after he purchased the Clippers. Several of his players were represented by CAA located in Beverly Hills which I worked with. I’ve also met and talked to many other famous business elite. At private events, there’s usually only 50-200 people in a room so the famous mill around with everyone else without security. It’s pretty easy to get a conversation started as they are all regular people. Some people are assholes usually entertainers but most of the businesspeople are pretty approachable.
- userinanother 3y agoBoy was he right