Sports Revelation

Not One but Two Billion?

I’m no economist. In fact, I do not even balance my checkbook, but really TWO BILLION DOLLARS for a basketball team? It is really difficult to contemplate what in this world may be worth two billion dollars. A basketball team would not be on my list.

I do realize that from a purely economical standpoint there is an owner friendly collective bargaining agreement in place. I am definitely not blind to the ridiculous television deals that pro sports owners sign. In fact they may be the root of all evil in the sports universe. The huge television money is what we call feeding the sports monster. (See cut the cord). Nonetheless, there is money to be made in pro sports. Still we are talking not one, but two freakin BILLION dollars?

OK, imagine a billion dollars. Now double it. What good could you bring to this world with a billion dollars? Or two? This deal just does not make sense on a financial level. My thought is that in town such as L.A. where image is everything, it is hard to trump a guy that owns the Clippers.  Now he can hang with the stars. Now he will attend and host A-List parties. From a notoriety standpoint, Mr. Ballmer just became a “big name”. He is known in L.A. and across the nation.  This has to factor in his decision to buy the Clippers.  Yes, he is now well known and envied by many because he owns a basketball team.

Just for conversations sake, what if he used his money to create and donate to charities in L.A.? The investment does not pay off monetarily. I am pretty sure he will not get to party with the so called A-listers. He would merely do a lot of good for his city and the people who live there.

Option #3: Buy a basketball team, be super cool and famous,  and do as much good as you can. There is some precedence: the Red Sox do a pretty good job, but there are too few cases of pro sports organizations really giving back to their fullest potential. The city of Los Angeles  could use a 2 billion dollar beacon of light. The Clippers hardly stand alone as that guiding beam in the dark.  A faint glimmer is something to hope for.

I am trying to harvest a thread of optimism from a jaded soul. But really, Mr. Ballmer, a place in our Jagoff of the week segment awaits you if you place ALL your resources into a basketball team.

Lets not forget, many of the world’s other billionaires have committed to giving most of their wealth to philanthropy. http://givingpledge.org

These a are the real A-listers.

2 Comments

  1. domain

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    • Scott Pringle

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