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Report: Grant Hill, Yao Ming lining up groups to bid on Clippers
SI ^ | 5-23-14 | Tim Polzer

Posted on 05/23/2014 4:04:47 PM PDT by windcliff

When and how the Los Angeles Clippers officially are put up for sale — and by whom — are yet to be determined, but two more former NBA headliners reportedly are lining up separate ownership groups to bid on the franchise. ESPN’s Marc Stein reports Grant Hill and Yao Ming are actively preparing to make a run at becoming NBA owners.

Hill and Ming join a list of former players and celebrities linked to having interest in owning the Clippers, including former Lakers star and Dodgers owner Magic Johnson, Oprah Winfrey, former Microsoft CEO Steve Ballmer and Oracle CEO Larry Ellison.

Yao reportedly plans to organize a group of Chinese investors to bid on the Clippers. The former Rockets center already owns the Shanghai Sharks in China. Yao reportedly had previous interest in purchasing the Bucks before then-owner Herb Kohl insisted on selling to a group that would keep the team in Milwaukee.

(Excerpt) Read more at tracking.si.com ...


TOPICS: Business/Economy; Sports
KEYWORDS: basketball

1 posted on 05/23/2014 4:04:47 PM PDT by windcliff
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To: windcliff

So this means top bid gets the franchise? No low ball thievery by racist blacks? That would be great, force a US citizen to sell his property and due to the media frenzy he gets more for it after the “scandal” than he would have prior to his harmful speech. Great marketing there!


2 posted on 05/23/2014 4:10:48 PM PDT by 9422WMR (: " Tolerance is the virtue of a man who has no convictions".)
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To: 9422WMR
So this means top bid gets the franchise?

That's been my position all along. Most of the talk has been been about the weak position that Sterling is in and the resulting hit he has taken in value of the Clippers.

I think it is quite the opposite.

All Sterling has to do is threaten to go to court where, IMHO, he would stand an excellent chance of prevailing. If the league wants him gone and wants to avoid that court battle then there is going to be a premium to be paid for the Clipper franchise. And it will be the new buyers who pay it. But of course they may get a little help from their friends. Maybe even the new Commissioner will chip in.

3 posted on 05/23/2014 4:38:39 PM PDT by InterceptPoint
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To: 9422WMR

Haa haa ha, the Crippers sold for 2 BILLION!!!!!!


4 posted on 05/30/2014 10:19:55 AM PDT by 9422WMR (: " Tolerance is the virtue of a man who has no convictions".)
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