Ballmer Paying Too Much For Clippers, But Sterling Wants More

Mark Melin

Published onJuly 23, 2014

Updated on May 13, 2021

Former Microsoft Corporation (NASDAQ:MSFT) executive Steve Ballmer is over paying for ownership of the Los Angeles Clippers basketball team to a historic level, a bid book complied by financial experts suggests.

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Ballmer’s $4 billion bid for Clippers

Ballmer's $2 billion bid is nearly double where sports financial experts had valued the team.

According to a preliminary draft of valuation considerations produced by Bank of America Merrill Lynch the fair value for the Clippers is close to $1 billion to $1.3 billion, or double the $550 million sale price set by the Milwaukee Bucks, who set a league record for price relative to revenue just months ago.

Bank of America Merrill Lynch...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Ballmer Paying Too Much For Clippers, But Sterling Wants More

Ballmer’s $4 billion bid for Clippers

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