Steve Ballmer is the richest sports team owner in the U.S. with a net worth of $21.6 billion. Forbes announced Tuesday the Los Angeles Clippers owner and former Microsoft CEO earned that distinction for the second straight year. He’s 21st overall on the Forbes ranking of the 400 richest Americans.
Q: How confident are you that the NBA will avoid another work stoppage when it comes time to negotiate a new CBA? Paul Allen: “That is so hard to predict and I’m sure if I did predict it, I’d get fined. So I’m not going to try to predict. Clearly the league and the players are doing very well financially with these new contracts. So there are ongoing discussions but I can’t comment any further than that.”
Josh Luber’s sneakerhead data website Campless, which tracks prices for sought-after sneakers via eBay sales, announced today that it’s received investment from Detroit Venture Partners, a firm where Cleveland Cavaliers owner Dan Gilbert is a managing partner. “With Campless, Josh has created a unique methodology and vision for using data to create products, communities and businesses,” said Gilbert. “This presents unlimited possibilities, not only within the sneaker industry, but any business aware of the powerful role data plays in their industry.”
Washington Wizards owner Ted Leonsis and Washington D.C. Mayor Muriel Bowser will hold a joint press conference Wednesday to announce the plans for a “new state-of-the-art Entertainment and Sports Arena at St. Elizabeth’s East in Ward 8.” According to the press release issued by Monumental Sports and Entertainment, the “$55 million joint venture will become the future practice facility for the Washington Wizards” in addition to the home court of the Washington Mystics and the host of other events. Construction is scheduled to begin in 2016 with completion in fall of 2018. The 118,000 square foot facility will include a 5,000 seat arena and potentially provide the Congress Heights with additional revenue as an “entertainment venue” along with construction and permanent jobs.
Pacers owner Herb Simon is asking a court to declare that neither his late brother’s estate nor his brother’s widow has any financial stake in the team. The Indianapolis Star learned about the request in an unusual way. It came to light because a court document filed by Bren Simon, widow of Melvin Simon, contained visible words that were meant to have been redacted. Herb Simon is asking the court to keep the documents, filed last month in Hamilton Superior Court, under seal. He argues that public viewing would create “significant risk of substantial harm” to people who signed a confidential settlement in 2012 pertaining to Melvin Simon’s estate. The brothers, who became billionaires from owning shopping malls, bought the Pacers in 1983. Melvin Simon died in 2009.