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Sunday, June 01, 2014

Are The Clippers Worth $2 Billion?


The battle between Donald Sterling and his wife Shelly and the NBA isn't over, even if former Microsoft CEO Steve Ballmer is in the wings with a check for $2 billion. But while the legal battles continue, is Sterling's team, the LA Clippers, worth that much money? I talked it over with USA Today sportswriter Nancy Armour, who explained why the valuation seems very high, especially since Sterling only owns the team, not the arena it plays in nor the commensurate revenue streams.

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