Quote:Seems there were multiple bidders driving the price up. Guy saw an opportunity and paid what it took. Wouldn't be shocked to see the team moved to Seattle eventually.

 

I just don't see how that makes good business sense.  If you move it to Seattle I would think the value of the team would drop.

 

A bid of $2 billion dollars is 15 times its revenue.  That is outrageous at this point.  I know their profits should increase significantly if they stay in LA, but its a steep price.  I know the players only receive 50% now, the league tv deal is about to sky rocket and so is the Clippers tv deal.  I'd imagine this guy wont have a problem spending money like Sterling did either.

 

If you are a multi billionaire, and have cash to spend, I guess why not?  I'd buy the Jags if I had 20 billion.  It's a good problem to have.

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