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Oh man, is he going to rename it the L.A. Clippys?
by nemasu 12y ago
Oh man, is he going to rename it the L.A. Clippys?
- deleted 12y ago[deleted]
- ChuckMcM 12y agoI suppose he could give the "Dribblers, dribblers, dribblers" talk. But joking aside I've wonder what the value proposition was for owning a team (wonder why Cuban owns the Mavericks, etc) Sure there is a status symbol kind of thing but what kind of return do you get on that capital? Can you get $2M/year out of it? $20M? $200M? What is the internal rate of return from the franchise?
- melvinmt 12y agoOperating income is $15m/yr: http://www.forbes.com/teams/los-angeles-clippers/ http://www.forbes.com/teams/los-angeles-clippers/
- ChuckMcM 12y agoWow, 0.75% on your $2B. I suppose it must be the status thing then since putting that $2B in a treasury ladder would get you a guaranteed 2.2% or about $44M annually (and tax free, with no wondering if your T-bills were going to make it into the playoffs :-)
- zarriak 12y agoHere is the list of the Operating income of every team in the NBA. http://www.forbes.com/nba-valuations/list/ http://www.forbes.com/nba-valuations/list/ The Dallas Mavericks make about $40M.