View single post by thunderbolt
 Posted: Tue Apr 29th, 2014 11:26 pm
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thunderbolt



Joined: Mon Oct 15th, 2007
Location: Manhattan Beach, California USA
Posts: 6205
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CanadianHorseman wrote: martini wrote: ... when Sterling sells the team, he is going to make a massive profit.
I heard yesterday on PTI or Around the Horn that Sterling bought the Clippers in 1981 for $ 12.5 million and will likely get around $ 500 million when he sells the team.

The purchase price Sterling paid  is correct, but Forbes just this morning valued the Clippers at just under 1 billion dollars, an increase of over 150 million since the Sterling story broke last week.  Go figure.



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The kind of man who wants the government to adopt and enforce his ideas is always the kind of man whose ideas are idiotic. ~ HL Mencken