Ultimately, Ballmer is looking forward to the league resuming play — but the safety of the players, fans, and employees comes first. “It’d be great to play some basketball,” he said. “But only if the time is right and the circumstances are right.”
Tag: Steve Ballmer
Ohm Youngmisuk: Steve + Connie Ballmer, …
Ohm Youngmisuk: Steve + Connie Ballmer, through the Ballmer Group, have pledged more than $25M to help Seattle, SE Michigan, LA w/ COVID-19 crisis. That includes $10M to Univ. of Washington Medicine’s Emergency Response Fund to speed up testing for COVID-19 vaccine, according to Ballmer Group.
Marc J. Spears: The Clippers say CAPSS …
Marc J. Spears: The Clippers say CAPSS LLC has reached an agreement with The Madison Square Garden Company to purchase The Forum in Inglewood. The formation of CAPSS LLC and the acquisition of the Forum were driven by Clippers Chairman Steve Ballmer and Clippers Vice Chairman Dennis Wong.
Marc J. Spears: The Forum will continue …
The deal will also resolve litigation …
The deal will also resolve litigation brought by MSG, whose executive chairman is New York Knicks owner James Dolan, to block the Clippers’ proposed privately funded, billion-dollar arena along West Century Boulevard. Plans call for the arena to be built as part of a larger complex dubbed the Inglewood Basketball and Entertainment Complex.
Josh Martin: Full release from the …
Josh Martin: Full release from the Clippers...
Andrew Greif: Statement from Madison …
Stefan Bondy: Sale of the Forum from …
Stefan Bondy: Sale of the Forum from James Dolan to Steve Ballmer is announced and expected to be completed by the “second calendar quarter of 2020,” which is April 1 to June 30.
Steve Ballmer buys The Forum
Andrew Greif: Breaking: Clippers owner Steve Ballmer has reached an agreement with MSG to purchase the Forum, through a new company, for $400M in cash. Story to come @latimes.
For decades, financial news site …
For decades, financial news site Forbes.com has published annual estimates of how much each North American major league sports team is worth, and most franchises have grown to a billion dollars or more. Much more, in some cases. The Dallas Cowboys are estimated by Forbes to be worth $5.5 billion, the most in the world. The valuations often trigger a wave of fan interest and media coverage, and the Forbes data often is cited in coverage of team sales, particularly when the price catches everyone by surprise. Exhibit A is Steve Ballmer’s $2 billion purchase of the LA Clippers in 2014 when Forbes had published the same year a valuation for the team of only $575 million. And that’s the real measure of what a team truly is worth – the size of the check to buy it.