What Does Clippers Sale Mean for the NFL?
The Los Angeles Clippers sold for a whopping $2 billion and that is more than enough cha-ching to make NFL owners ecstatic.
It was former Microsoft CEO Steve Ballmer who purchased the NBA franchise from Donald Sterling. Don’t worry, it’s a win-win for both parties. Ballmer is worth around $20 billion and Sterling originally bought the team for $12.5 million. Sterling made a fortune for running his mouth and Ballmer still has enough to pay to get his yachts cleaned (I’m just assuming he has a couple).
What does this mean for NFL teams?
Well, for starters, it will help values increase, at least a little bit. According to Pro Football Talk, two years ago the Browns were purchased for $1.05 billion. That’s about half of what the Clipper sold for!
Obviously Los Angeles is a little more glamorous than Cleveland, Ohio, but just think if there was an NFL team in L.A.
Southern California is most definitely a money pit and creating an NFL team there is pure genius. A pro team in L.A. would definitely be worth upwards of $3 billion. Not to mention, new rivalries that would emerge. Not everyone wants to hop on the San Diego Chargers train.
Maybe that coule be Ballmer’s next project.What Does Clippers Sale Mean for the NFL? by Amanda Borges