Podcasts Technology Acquired Episode 36: The LA Clippers

Episode 36: The LA Clippers

Published: April 24, 2017, 6:30 a.m.

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In honor of start of NBA playoffs, Ben & David venture off the beaten path to explore one of Steve Ballmer\\u2019s most famous acquisitions, his 2014 purchase of the Los Angeles Clippers NBA franchise. Was this landmark purchase a steal or a turnover for the former Microsoft CEO? We speculate wildly!\\xa0

Sponsors:
Vanta: https://bit.ly/acquiredvanta
Crusoe: https://bit.ly/acquiredcrusoe
Modern Treasury: https://bit.ly/acquiredmoderntreasury


Topics covered include:\\xa0
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  • The Clippers\\u2019 founding in 1970 as the NBA expansion team the Buffalo Braves
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  • Early ownership changes and the move west to San Diego in 1981
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  • Acquisition in 1981 by LA lawyer and real estate developer Donald Sterling for $12.5M
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  • Sterling\'s relocation of the Clippers to LA in 1984 against NBA rules
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  • Struggles over the next 25 years as the "worst franchise in professional sports\\u201d according to ESPN\\xa0
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  • Turnaround beginning in early 2010s led by Blake Griffin, DeAndre Jordan, and Chris Paul
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  • The bombshell in April 2014, reported by TMZ, of a taped conversation between Sterling and his mistress where Sterling makes \\xa0hugely offensive and racist comments, directed in particular toward former Lakers point guard Magic Johnson
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  • Fallout from the comments, resulting in a lifetime ban from NBA for Sterling, and a forced sale of the team to former Microsoft CEO, Steve Ballmer for $2B
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  • Impact of the landmark sale price on NBA and other sports franchise valuations\\xa0
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  • Clippers performance post-sale, and\\xa0 prospects for the future\\xa0
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  • The opportunity for technology and business model innovation in the NBA, and professional sports in general
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\\xa0 Followups:\\xa0

\\xa0 The Carve Out:\\xa0

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