The NBA didn’t become a billionaire’s ball until Ap…

The NBA didn’t become a billionaire’s ball until April of 2014, when former Microsoft CEO Steve Ballmer paid $2 billion for the Clippers after Donald Sterling’s forced exit. Everyone in league circles knew the massive TV deal was coming by then, and so this became a costly risk worth taking. Fertitta’s record price was eclipsed in October, when Alibaba co-founder Joseph Tsai bought 49% of the Brooklyn Nets at a valuation of $2.3 billion (according to ESPN, he has an option to acquire controlling interest in 2021). “We were hell-bent that we weren’t going to lose (the bidding) this time,” Fertitta said. “But you can’t make somebody sell something to you if they don’t want to sell it. But all we could do is shoot every bullet we could, and I think Tad, you know we did – a lot more than anybody else.”
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