[Saba Sports News] Steve Ballmer, the owner/governor of the Clippers, with a net worth of around $100.5 billion, candidly discussed his 2014 purchase of the team for roughly $2 billion during a conversation with Paul George on the “Podcast P” show. He acknowledged that he may have overpaid by about 10%, a significant amount even in the context of billions of dollars.
However, this decision ultimately proved beneficial as the Clippers’ current value is approximately $3.9 billion, nearly double his initial investment.
Ballmer’s leadership has played a crucial role in the team’s success, transforming the Clippers’ culture and outlook. He has revamped the franchise, acquiring players like Paul George and Kawhi Leonard and planning a state-of-the-art arena in Inglewood.
While the Clippers have yet to secure an NBA championship despite their talent, they remain contenders in the Western Conference. The team’s future success will further validate Ballmer’s efforts to elevate the Clippers’ status in the league, although winning in the competitive NBA is never guaranteed.